Quarterly report pursuant to Section 13 or 15(d)

Intangible assets and liabilities other than goodwill and excess of cost over fair value of net assets acquired (Tables)

v3.8.0.1
Intangible assets and liabilities other than goodwill and excess of cost over fair value of net assets acquired (Tables)
 9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of September 30, 2017 and December 31, 2016 the Company had the following amounts related to intangible assets and liabilities other than goodwill and excess of cost over fair value of net assets acquired:
 
 
September 30, 2017
 
December 31, 2016
Intangible assets
 
Cost
 
Accumulated Amortization
 
Total
 
Cost
 
Accumulated Amortization
 
Total
Product certifications
 
$
602,202

 
$
(272,503
)
 
$
329,699

 
$
544,651

 
$
(233,992
)
 
$
310,659

Patents
 
656,105

 
(146,983
)
 
509,122

 
681,155

 
(123,012
)
 
558,143

Developed technology
 
240,000

 
(72,000
)
 
168,000

 
240,000

 
(60,000
)
 
180,000

Trademarks
 
19,215

 
—

 
19,215

 
17,165

 
—

 
17,165

Favorable contract asset
 
1,456,166

 
(52,024
)
 
1,404,142

 
—

 
—

 
—

 
 
$
2,973,688

 
$
(543,510
)
 
$
2,430,178

 
$
1,482,971

 
$
(417,004
)
 
$
1,065,967

 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible liability
 
 
 
 
 
 
 
 
 
 
 
 
Unfavorable contract liability
 
$
10,838,571

 
$
(480,288
)
 
$
10,358,283

 
$
—

 
$
—

 
$
—

Schedule of Future Amortization Expense
Aggregate future amortization over the next five years is estimated to be as follows:
Year 1
 
$
(993,749
)
Year 2
 
(911,514
)
Year 3
 
(847,307
)
Year 4
 
(858,084
)
Year 5
 
(840,273
)