Annual report pursuant to Section 13 and 15(d)

Intangible Assets and In-Process R&D (Tables)

v3.22.1
Intangible Assets and In-Process R&D (Tables)
12 Months Ended
Dec. 31, 2021
Intangible Assets and In-Process R&D  
Schedule of intangible assets and in-process R&D

Intangible assets and in-process R&D at December 31, 2021 and 2020 consists of the following:

    

Estimated Useful

    

    

    

Life (Years)

    

2021

    

2020

Trade Secrets

 

10

$

250,000

$

250,000

Less: Accumulated Amortization

 

  

 

(81,250)

 

(56,250)

Intangible Assets, Net

 

  

 

168,750

 

193,750

In-Process R&D

 

  

 

10,297,414

 

9,536,414

Impairment Loss

(1,770,314)

In-Process R&D, Net

$

8,527,100

$

9,536,414

Total Intangible Assets and In-Process R&D, Net

 

  

$

8,695,850

$

9,730,164