v3.22.2.2
Intangible Assets (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of intangible assets amortization expense
   June 30, 2022   December 31, 2021 
   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
Krillase intangible assets  $28,600,000   $
-
   $28,600,000   $28,600,000   $
-
   $28,600,000 
Patents in process   122,745    
-
    122,745    122,745    
-
    122,745 
DuraGraft patent   5,256,000    (774,922)   4,481,078    5,256,000    (572,768)   4,683,232 
Duragraft - Distributor relationship   308,000    (59,033)   248,967    308,000    (43,633)   264,367 
Duragraft IPR&D - Cyto Protectant Life Sciences   12,606,000    
-
    12,606,000    12,606,000    
-
    12,606,000 
My Health Logic - Trade name   450,000    (16,875)   433,125    450,000    (804)   449,196 
My Health Logic - Biotechnology   4,600,000    (142,059)   4,457,941    4,600,000    (6,765)   4,593,235 
My Health Logic - Software   1,550,000    (54,250)   1,495,750    1,550,000    (2,583)   1,547,417 
Total intangibles  $53,492,745   $(1,047,139)  $52,445,606   $53,492,745   $(626,553)  $52,866,192 

 
Intangible Assets  December 31, 2021   December 31, 2020 
   Gross Carrying Amount   Accumulated Amortization   Net
Carrying Amount		   Gross Carrying Amount   Accumulated Amortization   Net
Carrying Amount		 
Krillase intangible assets  $28,600,000   $-   $28,600,000   $28,600,000   $-   $28,600,000 
Patents in process   122,745    -    122,745    119,971    -    119,971 
DuraGraft patent   5,256,000    (572,768)   4,683,232    14,147,729    (589,489)   13,558,240 
DuraGraft - Distributor relationship   308,000    (43,633)   264,367    
-
    
-
    
-
 
DuraGraft IPR&D - Cyto Protectant Life Sciences   12,606,000    -    12,606,000    
-
    
-
    
-
 
My Health Logic - Trade name   450,000    (804)   449,196    
-
    
-
    
-
 
My Health Logic - Biotechnology   4,600,000    (6,765)   4,593,235    
-
    
-
    
-
 
My Health Logic - Software   1,550,000    (2,583)   1,547,417    
-
    
-
    
-
 
Total intangible assets  $53,492,745   $(626,553)  $52,866,192   $42,867,700   $(589,489)  $42,278,211 

 
Schedule of goodwill
Goodwill  DuraGraft   My Health Logic   Total 
Balance, December 31, 2020  $
-
   $
-
   $
-
 
Additions on acquisitions   5,416,000    1,774,656    7,190,656 
Impairment   
-
    
-
    
-
 
Balance, December 31, 2021 and June 30, 2022  $5,416,000   $1,774,656   $7,190,656 

 
   DuraGraft   My Health
Logic		   Total 
Balance, December 31, 2020  $
-
   $
-
   $
-
 
Additions on acquisitions   5,416,000    1,774,656    7,190,656 
Impairment   
-
    
-
    
-
 
Balance, December 31, 2021  $5,416,000   $1,774,656   $7,190,656 

 
Schedule of intangible assets
Balance, December 31, 2020  $42,278,211 
Acquired in Somah Transaction   4,022,271 
Acquired in My Health Logic Transaction   6,600,000 
Additions   2,775 
Amortization expense   (37,065)
Balance, December 31, 2021  $52,866,192 
Amortization expense   (420,586)
Balance, June 30, 2022  $52,445,606 

 
Balance, December 31, 2019  $28,613,000 
Acquired in asset purchase agreement   14,147,729 
Additions   106,971 
Amortization expense   (589,489)
Balance, December 31, 2020  $42,278,211 
Acquired in Somah Transaction1   4,022,271 
Acquired in MHL Transaction   6,600,000 
Additions   2,775 
Amortization expense1   (37,065)
Balance, December 31, 2021  $52,866,192 

 

1 To account for Somah Transaction measurement period adjustments, the Company restated the Quarterly Report on Form 10-Q for the three and six month ended June 30, 2021, originally filed on August 23, 2021. As a result of the restatement, the value of DuraGraft intangibles purchased with the Somah Transaction increased by $4,022,271 and related overestimated amortization of the intangibles decreased by $898,026 for the year ended December 31, 2021.