Annual report pursuant to Section 13 and 15(d)

Long-Term Assets (Tables)

v3.21.1
Long-Term Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amounts Related to Acquired Intangible Assets

The Company’s intangible assets with finite lives consist of its patents pertaining to its legacy animal health business, which have been out-licensed. For all periods presented, all of the Company’s identifiable intangible assets were subject to amortization. The carrying amounts related to acquired intangible assets as of December 31, 2020 and 2019 were as follows:

December 31, 2020

December 31, 2019

Patents

$

713

 

$

1,157

Accumulated amortization

(377

)

(698

)

Patents, net

$

336

 

$

459

Schedule of Total Estimated Amortization of Intangible Assets

During the year ended December 31, 2020, the Company wrote-off approximately $0.05 million of remaining net patent costs related to its now expired license agreement with Washington University in St. Louis. See Note 13.

The following table represents the total estimated amortization of intangible assets for the five succeeding years and thereafter:

For the year ended December 31,

Estimated amortization expense

2021

86

2022

86

2023

86

2024

78

Total

$

336