Goodwill and In-process R&D (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and In-process R&D

Schedule of Goodwill and In-process R&D

The following table provides a rollforward of the Company’s goodwill as of December 31, 2018 and 2019:

	Goodwill
Goodwill from acquisition of Pelican	$	2,189,338
Balance at December 31, 2018		2,189,338
Goodwill impairment loss		(737,000)
Balance at December 31, 2019	$	1,452,338

The following table provides a rollforward of the Company’s in-process R&D as of December 31, 2018. There was no change in in-process R&D during 2019.

	In-process
	R&D
In-process R&D from acquisition of Pelican	$	5,866,000
Balance at December 31, 2018	$	5,866,000