XML 82 R25.htm IDEA: XBRL DOCUMENT v3.23.1
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2022
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 19 – INTANGIBLE ASSETS

 

The Company had recognized a $2.8 million intangible asset for the license acquired in the Calvert acquisition and $1.4 million of contingent consideration. During the fourth quarter of 2022, we determined the carrying amount of the license agreement acquired was no longer recoverable and wrote the balance down to its estimated fair value. Fair value was based on expected future cash flows using Level 3 inputs. The impairment of the intangible asset and balance are reflected within Operating Costs on the Consolidated Statement of Operations.