Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.20.4
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Balance of Intangible Assets

The following represents the balances of the intangible assets at December 31, 2020:

 

 

 

Cost

 

 

Accumulated Amortization

 

 

Net Intangible Assets

 

Asset resulting from R&D activities

 

$

26,400

 

 

$

2,146

 

 

$

24,254

 

Total

 

$

26,400

 

 

$

2,146

 

 

$

24,254

 

The following represents the balance of the intangible assets at December 31, 2019:

 

 

 

Cost

 

In-process research and development

 

$

26,400

 

Total

 

$

26,400

 

 

Summary of Future Amortization Expense

As of December 31, 2020, future amortization expense is as follows:

 

 

Amortization

 

2021

$

2,576

 

2022

 

2,576

 

2023

 

2,576

 

2024

 

2,576

 

2025 and thereafter

 

13,950

 

Total

$

24,254