Intangible assets acquired in the RondinX Ltd. acquisition (see Note 6) were determined to be in-process research and development (“R&D”). In accordance with ASC 350-30-35-17A, 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. Amortization expenses recorded in the consolidated statements of operations were $1,519 and $1,518 for the years ended December 31, 2021 and 2020, respectively. Based on management’s analysis, there was no indicators for impairment for the years ended December 31, 2021 and 2020.