Annual report pursuant to Section 13 and 15(d)

Intangible assets other than goodwill (Tables)

v3.8.0.1
Intangible assets other than goodwill (Tables)
 12 Months Ended
Dec. 31, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets and liabilities at December 31, 2017 and 2016 consist of the following:

 
 
December 31, 2017
 
December 31, 2016
Intangible assets
 
Cost
 
Accumulated Amortization
 
Net
 
Cost
 
Accumulated Amortization
 
Net
Product certifications
 
$
605,704

 
$
(285,341
)
 
$
320,363

 
$
544,651

 
$
(233,992
)
 
$
310,659

Patents
 
808,323

 
(154,972
)
 
653,351

 
681,155

 
(123,012
)
 
558,143

Developed technology
 
240,000

 
(76,000
)
 
164,000

 
240,000

 
(60,000
)
 
180,000

Trademarks
 
19,540

 
—

 
19,540

 
17,165

 
—

 
17,165

In Process R&D
 
263,001

 
—

 
263,001

 
—

 
—

 
—

Favorable contract asset
 
1,561,739

 
(85,536
)
 
1,476,203

 
—

 
—

 
—

 
 
$
3,498,307

 
$
(601,849
)
 
$
2,896,458

 
$
1,482,971

 
$
(417,004
)
 
$
1,065,967

 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible liability
 
 
 
 
 
 
 
 
 
 
 
 
Unfavorable contract liability
 
$
8,341,922

 
$
(612,255
)
 
$
7,729,667

 
$
—

 
$
—

 
$
—


Schedule of Estimated Future Amortization Expense
 
 
Non-contract related intangibles
 
Contract related intangibles
 
Total
2018
 
$
185,398

 
$
(880,776
)
 
(695,378
)
2019
 
168,748

 
(781,505
)
 
(612,757
)
2020
 
162,591

 
(729,905
)
 
(567,314
)
2021
 
149,160

 
(730,478
)
 
(581,318
)
2022
 
142,083

 
(696,328
)
 
(554,245
)
Thereafter
 
592,733

 
(2,434,472
)
 
(1,841,739
)
 
 
$
1,400,713

 
$
(6,253,464
)
 
$
(4,852,751
)