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Acquisition of EGEN, Inc. (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of these assets acquired and liabilities assumed related to the acquisition.

Property and equipment, net		$	35,000
In-process research and development			24,211,000
Other Intangible assets (Covenant not to compete)			1,591,000
Goodwill			1,976,000
Total assets:			27,813,000
Accounts payable and accrued liabilities			(235,000	)
Net assets acquired		$	27,578,000

Schedule of Future Amortization Amounts During the Remaining Life

Following is a schedule of future amortization amounts during the remaining life of the Covenant Not to Compete.

		Year Ended December 31,
2019		$	227,316
2020			227,316
2021			113,660
Total		$	568,292

Schedule of Fair Value of Assets Acquired

Following is a summary of the net fair value of the assets acquired in the EGEN acquisition for the two years ended December 31, 2018:

		IPR&D				Goodwill				Covenant Not To Compete
Balance at January 1, 2017, net		$	22,766,491			$	1,976,101				1,022,924
Amortization			-				-				(227,316	)
Impairment charge			(2,520,000	)			-				-
Balance at December 31, 2017, net			20,246,491				1,976,101				795,608
Amortization			-				-				(227,316	)
Impairment charge			(4,510,000	)			-				-
Balance at December 31, 2018, net			15,736,491				1,976,101				568,292

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Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
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