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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Balance of Intangible Assets

The following represents the balances of the intangible assets:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Asset resulting from R&D activities

 

$

26,400

 

 

$

26,400

 

Accumulated Amortization

 

 

(6,010

)

 

 

(4,722

)

Intangible assets, net

 

$

20,390

 

 

$

21,678

 

Summary of Future Amortization Expense

As of June 30, 2022, future amortization expense is as follows:

 

 

Amortization

 

Remainder of 2022

$

1,288

 

2023

 

2,576

 

2024

 

2,576

 

2025

 

2,576

 

2026

 

2,576

 

2027 and thereafter

 

8,798

 

Total

$

20,390