Indefinite-lived Intangible Assets and Goodwill, and Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Our IPR&D asset consisted of the following at:

	Indefinite-lived Intangible Asset
Rencofilstat balance at December 31, 2021	$	3,190,000
Change during the three months ended March 31, 2022	—
Rencofilstat balance at March 31, 2022	$	3,190,000

Schedule of Goodwill

The table below provides a roll-forward of our goodwill balance:

	Amount
Goodwill balance at December 31, 2021	$	1,870,924
Change during the three months ended March 31, 2022	—
Goodwill balance at March 31, 2022	$	1,870,924

Property, Plant and Equipment

Property and equipment are stated at cost and depreciated using the straight-line method, based on useful lives as follows:

	Estimated Useful Life (in years)	March 31, 2022		December 31, 2021
Equipment	3 years	$	332,970	$	330,830
Furniture and fixtures	7 years	62,183		62,183
Less: Accumulated depreciation		(264,152)		(240,241)
		$	131,001	$	152,772