Quarterly report pursuant to Section 13 or 15(d)

Acquired in-Process Research & Development

v3.22.2
Acquired in-Process Research & Development
6 Months Ended
Jun. 30, 2022
Research and Development [Abstract]  
ACQUIRED IN-PROCESS RESEARCH & DEVELOPMENT

6 — ACQUIRED IN-PROCESS RESEARCH & DEVELOPMENT

 

The Company booked intangible assets associated with a number of ongoing research and development projects at the time of the acquisition of Purnovate. Carrying value of acquired in-process research and development was $455,000 on both June 30, 2022 and December 31, 2021.