Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Liabilities Other Than Goodwill (Tables)

v3.19.1
Intangible Assets and Liabilities Other Than Goodwill (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of March 31, 2019 and December 31, 2018 the Company had the following amounts related to intangible assets and liabilities other than goodwill:
 
 
March 31, 2019
 
December 31, 2018
Intangible assets
 
Cost
 
Accumulated Amortization
 
Total
 
Cost
 
Accumulated Amortization
 
Total
Product certifications
 
$
726,159

 
$
(359,221
)
 
$
366,938

 
$
726,159

 
$
(345,658
)
 
$
380,501

Patents
 
923,849

 
(193,524
)
 
730,325

 
910,569

 
(188,239
)
 
722,330

Developed technology
 
240,000

 
(96,000
)
 
144,000

 
240,000

 
(92,000
)
 
148,000

Trademarks
 
25,252

 

 
25,252

 
22,752

 

 
22,752

In Process R&D
 
263,936

 

 
263,936

 
263,936

 

 
263,936

Favorable contract asset
 
274,858

 
(257,817
)
 
17,041

 
1,561,739

 
(232,099
)
 
1,329,640

TTcogen intangible assets
 
29,607

 
(925
)
 
28,682

 

 

 

 
 
$
2,483,661

 
$
(910,262
)
 
$
1,573,399

 
$
3,754,762

 
$
(860,772
)
 
$
2,893,990

 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible liability
 
 
 
 
 
 
 
 
 
 
 
 
Unfavorable contract liability
 
$
4,689,025

 
$
(1,818,686
)
 
$
2,870,339

 
$
8,341,922

 
$
(876,972
)
 
$
7,464,950

Schedule of Future Amortization Expense
Aggregate future amortization over the next five years is estimated to be as follows:
Year 1
 
$
(179,760
)
Year 2
 
(190,417
)
Year 3
 
(214,440
)
Year 4
 
(176,316
)
Year 5
 
(116,609
)