Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS

Financial assets and liabilities measured at fair value on a recurring and non-recurring basis as of December 31, 2020 and 2019 are summarized below:

 

Description   December 31, 2020     Level 1     Level 2     Level 3     Total Gains/(Losses)  
Recurring                                        
Assets:                                        
Short-term investments   $ 82,438,000     $ -     $ 82,438,000     $ -     $ -  
                                         
Non-recurring                                        
Assets:                                        
Licensed technology, net   $ 1,500,000     $ -     $ -     $ 1,500,000     $ (32,916,000 )
Goodwill     32,466,000       -       -       32,466,000       -  

 

Description   December 31, 2019     Level 1     Level 2     Level 3     Total Gains/(Losses)  
Recurring                                        
Assets:                                        
Short-term investments   $ -     $ -     $ -     $ -     $ -  
                                         
Non-recurring                                        
Assets:                                        
Licensed technology, net   $ 36,178,000     $ -     $ -     $ 36,178,000     $ (367,000 )
Goodwill     32,466,000       -       -       32,466,000       -