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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The Company’s intangible assets consists of the following:

June 30, 2021

Gross

Estimated

Carrying

Accumulated

Net Book

Useful Lives

Value

Amortization

Value

Internally developed patents

    

6–20 years

    

$

1,030,333

    

$

(493,188)

    

$

537,145

Acquired licenses

 

16–20 years

 

285,000

 

(285,000)

 

Total intangible assets subject to amortization

 

  

 

1,315,333

 

(778,188)

 

537,145

IPR&D assets

 

Indefinite

 

12,418,967

 

 

12,418,967

Total

 

  

$

13,734,300

$

(778,188)

$

12,956,112

December 31, 2020

Gross

Estimated

Carrying

Accumulated

Net Book

    

Useful Lives

    

Value

    

Amortization

    

Value

Internally developed patents

 

6–10 years

$

884,787

$

(479,908)

$

404,879

Acquired licenses

 

16–20 years

 

285,000

 

(285,000)

 

Total intangible assets subject to amortization

 

  

 

1,169,787

 

(764,908)

 

404,879

IPR&D assets

 

Indefinite

 

12,418,967

 

 

12,418,967

Total

 

  

$

13,588,754

$

(764,908)

$

12,823,846