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, 2021
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, 2021 and 2020 are summarized below:

 

Description   December 31,
2021		     Level 1     Level 2     Level 3     Total
Gains/(Losses)		  
Recurring                                        
Assets:                                        
Short-term investments   $ 12,086,000     $ -     $ 12,086,000     $ -     $ -  
                                         
Non-recurring                                        
Assets:                                        
Licensed technology, net   $ 1,384,000     $ -     $ -     $ 1,384,000     $ -  
Goodwill     -       -       -       -       (32,466,000 )

 

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       -