INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible Assets, Net consisted of the following:

	December 31,
	2019		2018
Intangible assets:
Finite-lived intangible assets	$	652,734	$	307,995
Indefinite-lived intangible assets	—		326,359
Gross intangible assets:	652,734		634,354
Less: Accumulated amortization	(196,154)		(142,546)
Net carrying value	$	456,580	$	491,808

Schedule of Net-Book-Value and Estimated Remaining Life of Finite-Lived Intangible Assets

The following table summarizes the carrying value and estimated remaining life of the Company’s finite-lived intangible assets as of December 31, 2019:

	Net Balance		Average Remaining Life
Acquired intellectual property	$	406,058	7.8 years
Repurchased royalty rights	26,438		3.9 years
Technology transfer	23,078		Not applicable (1)
Other	1,006		1.2 - 4.6 years
Total	$	456,580

(1)The technology transfer intangible asset has not yet been placed into service.

Schedule of Future Amortization Expense of Finite-Lived Intangible Assets

As of December 31, 2019, the estimated future amortization expense associated with the Company’s finite-lived intangible assets, exclusive of the technology transfer asset that has not been placed into service, was as follows:

Fiscal Year	Amount
2020	$	62,887
2021	61,963
2022	61,939
2023	61,311
2024	55,036
Thereafter	130,366
	$	433,502