Intangible Assets (Details Narrative) - USD ($) |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Mar. 19, 2018 |
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| Amortization expense | $ 397,664 | $ 397,664 | |
| Future amortization expense, year one | 795,000 | ||
| Future amortization expense, year two | $ 788,000 | ||
| CoNCERT Pharmaceuticals, Inc [Member] | License Rights [Member] | |||
| Purchase price | $ 8,000,000 | ||
| Transaction cost | 1,782 | ||
| Recognition of deferred tax liability | 3,037,147 | ||
| Intangible asset, tax basis | $ 1,782 | ||
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- Definition Intangible asset, tax basis. No definition available.
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- Definition Purchase price of inyangible assets. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition. No definition available.
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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