In-Process Research and Development
|6 Months Ended|
Jun. 30, 2020
|In Process Research And Development [Abstract]|
|IN-PROCESS RESEARCH AND DEVELOPMENT||
Intangible assets acquired in the RondinX Ltd. acquisition (see Note 5) were determined to be in-process R&D. In accordance with ASC 350-30-35-17A ("Intangible assets with indefinite lives"), R&D assets acquired in a business combination are considered an indefinite-lived intangible asset until completion or abandonment of the associated R&D efforts. On January 1, 2020, the in-process R&D efforts were completed. The Company had determined the useful life of the R&D assets for three years and began amortizing these assets accordingly in the financial statements. Amortization expenses recorded in the condensed consolidated statements of operations were $379 thousand and $758 thousand for the three and six months ended June 30, 2020, respectively. Based on management's analysis, there was no impairment for the three and six months ended June 30, 2020 or 2019.