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Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Balance as of December 31, 2021  $14,706,818 
Measurement period adjustments   101,593 
Balance as of March 31, 2022  $14,808,411 
Schedule of Intangible Assets, Net

The following table presents details of the Company’s intangible assets, excluding goodwill:

 

   Weighted-Average  Gross       Net 
   Useful Life (1)  Carrying   Accumulated   Carrying 
   (in Years)  Amount   Amortization   Amount 
In-process research and development  Indefinite  $26,101,000   $-   $26,101,000 
Non-competition agreements  2.7   1,094,000    (106,667)   987,333 
Total intangible assets     $27,195,000   $(106,667)  $27,088,333 

 

   Weighted-Average  Gross       Net 
   Useful Life (1)  Carrying   Accumulated   Carrying 
   (in Years)  Amount   Amortization   Amount 
In-process research and development  Indefinite  $26,101,000   $              -   $26,101,000 
Non-competition agreements  2.7   1,094,000    -    1,094,000 
Total intangible assets     $27,195,000   $-   $27,195,000 

 

(1)Based on weighted-average useful life established as of the acquisition date.