Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.20.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of inventory

Inventory at December 31, 2019 and 2018 consisted of the following:

 

    December 31,  
    2019     2018  
Raw materials   $ 294     $ 23  
Work-in-process     124       -  
Finished goods     596       -  
Ending inventory   $ 1,014     $ 23  
Schedule of fixed assets are stated at cost less accumulated depreciation

Fixed assets are stated at cost less accumulated depreciation. Depreciation is calculated based on the straight-line method, at annual rates reflecting the estimated useful lives of the related assets, as follows:

 

Office equipment   5-15 years
Computers and software   3-5 years
Machinery   5-10 years
Lab and medical equipment   3-7 years
Leasehold improvements   Shorter of lease term or useful life
Schedule of fixed assets

Fixed assets, summarized by major category, consist of the following for the years ended:

 

    December 31,  
    2019     2018  
Office equipment   $ 148     $ 144  
Computers and software     335       284  
Machinery     455       329  
Lab and medical equipment     568       391  
Leasehold improvements     180       105  
Total     1,686       1,253  
Less: accumulated depreciation and amortization     (630 )     (407 )
Fixed assets, net   $ 1,056     $ 846  
Schedule of fair value of financial assets and liabilities
  December 31, 2019  
    Level 1     Level 2     Level 3     Fair Value  
Assets                        
Investments   $ 8,203     $ -     $ -     $ 8,203  
                                 
Liabilities                                
Contingent royalty obligation   $ -     $ -     $

1,872

    $ 1,872  

 

    December 31, 2018  
    Level 1     Level 2     Level 3     Fair Value  
Assets                        
Investments   $ 3,043     $ -     $ -     $ 3,043  
                                 
Liabilities                                
Contingent royalty obligation   $ -     $ -     $ 1,953     $ 1,953  
Schedule of estimated fair value of Level 3 contingent royalty obligation

    Fair Value Measurements of Contingent Royalty Obligation (Level 3)  
Balance at December 31, 2017   $ 1,662  
Change in estimated fair value of contingent royalty obligation     291  
Balance at December 31, 2018     1,953  
Change in estimated fair value of contingent royalty obligation     (81 )
Balance at December 31, 2019   $ 1,872