| Schedule of Intangible Assets, Net |
The
following table presents details of the Company’s intangible assets, excluding goodwill:
Schedule
of Intangible Assets, Net
| | |
September 30, 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 | | |
| (320,000 | ) | |
| 774,000 | |
| Total intangible assets | |
| |
$ | 27,195,000 | | |
$ | (320,000 | ) | |
$ | 26,875,000 | |
| | |
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 | |
| (1) |
|
Based
on weighted-average useful life established as of the acquisition date. |
|