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Sale of Assets
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Sale of Assets

(5)       Sale of Assets

 

In February 2022, the Company entered into an Asset Purchase Agreement with Pharmalogic Idaho, LLC, pursuant to which the Company sold certain assets for $4,000,000 in cash. The Assets consisted primarily of manufacturing equipment and a sublease acquired by the Company in connection with the previously announced termination of the manufacturing and supply agreement with another company. The transaction resulted in a $1,797,978 gain on sale of assets.