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GOODWILL AND IN-PROCESS RESEARCH & DEVELOPMENT
6 Months Ended
Jun. 30, 2021
GOODWILL AND IN-PROCESS RESEARCH & DEVELOPMENT [Abstract]  
GOODWILL AND IN-PROCESS RESEARCH & DEVELOPMENT
6)
GOODWILL AND IN-PROCESS RESEARCH & DEVELOPMENT
 

The Company recorded goodwill and in-process research and development (“IPR&D”) in the amount of $2,043,747 and $6,860,000, respectively, in connection with the acquisition of IRX. IPR&D assets are considered to be indefinite lived until the completion or abandonment of the associated research and development projects.