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

Balance as of December 31, 2021  $14,706,818 
      
Measurement period adjustments   681,728 
Goodwill impairment charges   (15,388,546)
Balance as of December 31, 2022  $- 
Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following:

 

   December 31, 2022
   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    (426,667)   667,333 
Total intangible assets     $27,195,000   $(426,667 )  $26,768,333 

 

 

   December 31, 2021
   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 
Schedule of Future Amortization Expense

The expected future annual amortization expense of the Company’s intangible assets held as of December 31, 2022 is as follows:

 

Year Ending December 31,  Amortization Expense 
2023   364,668 
2024   302,665 
Total  $667,333