GOODWILL AND INTANGIBLE ASSETS |
9 Months Ended |
---|---|
Sep. 30, 2024 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
GOODWILL AND INTANGIBLE ASSETS | NOTE 8 – GOODWILL AND INTANGIBLE ASSETS
In connection with the Scienture Merger on July 25, 2024, the Company recorded goodwill of $7,848,747 and intangible assets of $76,400,000. The intangible assets acquired consist of developed technology and the related intellectual property and of the Company’s products. The Company is currently assessing whether the assets are indefinite-lived such as in-process research and development assets, or whether they will begin amortization upon commercialization.
|