Tonix Pharmaceuticals Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

NOTE 4 – GOODWILL AND INTANGIBLE ASSETS

The following table provides the gross carrying value of goodwill as follows:

	Amounts
	(in thousands)
Balance at December 31, 2022	$	—
Acquired during the period (see Note 8)		965
Balance at June 30, 2023	$	965

The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset:

	June 30, 2023		December 31, 2022
	(in thousands)
Intangible assets subject to amortization
Developed technology	$	10,100	$	—
Less: Accumulated amortization		—		—
Total	$	10,100	$	—

Intangible assets not subject to amortization
Internet domain rights	$	120	$	120
Total intangible assets, net	$	10,220	$	120

No amortization expense was recorded during the six months ended June 30, 2023.

At June 30, 2023, the related amortization for each of the next five years ended December 31 is as follows (in thousands):