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Assets held for sale
6 Months Ended
Jun. 30, 2023
Assets held for sale  
Assets held for sale

6. Assets held for sale

 

The following table outlines the carrying amounts of major classes of assets and liabilities classified as held for sale:

 

 

 

June 30,

2023

 

 

December 31,

2022

 

Current assets classified as held for sale

 

 

 

 

 

 

Right-of-use assets - operating

 

$1,146,661

 

 

$1,240,211

 

Intangible assets

 

 

9,822,809

 

 

 

11,443,681

 

Total carrying value of current assets

 

 

10,969,470

 

 

 

12,683,892

 

Impairment recognized on classification as held for sale

 

 

(5,271,277)

 

 

(6,581,128)

Total assets classified as held for sale

 

$5,698,193

 

 

$6,102,764

 

 

 

 

 

 

 

 

 

 

Current liabilities classified as held for sale

 

 

 

 

 

 

 

 

Operating lease liability – current portion

 

$1,104,425

 

 

$1,309,077

 

Total liabilities classified as held for sale

 

$1,104,425

 

 

$1,309,077

 

 

During the year ended December 31, 2022, the Company became committed to plans to sell four licenses and transfer certain right of use asset and lease liabilities related to the licenses. During the six months ended June 30, 2023, the Company sold an asset previously classified as held for sale and did not commit to plans to sell any additional assets.