Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Liabilities Other Than Goodwill (Tables)

v3.20.2
Intangible Assets and Liabilities Other Than Goodwill (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of June 30, 2020 and December 31, 2019 the Company had the following amounts related to intangible assets and liabilities other than goodwill:
 
 
June 30, 2020
 
December 31, 2019
Intangible assets
 
Cost
 
Accumulated Amortization
 
Total
 
Cost
 
Accumulated Amortization
 
Total
Product certifications
 
$
726,159

 
$
(427,030
)
 
$
299,129

 
$
726,159

 
$
(399,906
)
 
$
326,253

Patents
 
880,416

 
(214,503
)
 
665,913

 
1,017,108

 
(206,499
)
 
810,609

Developed technology
 
240,000

 
(116,000
)
 
124,000

 
240,000

 
(108,000
)
 
132,000

Trademarks
 
26,896

 

 
26,896

 
26,896

 

 
26,896

In Process R&D
 
263,936

 

 
263,936

 
263,936

 

 
263,936

Favorable contract asset
 
354,858

 
(280,218
)
 
74,640

 
274,858

 
(263,901
)
 
10,957

TTcogen intangible assets
 
29,607

 
(8,327
)
 
21,280

 
29,607

 
(6,477
)
 
23,130

 
 
$
2,521,872

 
$
(1,046,078
)
 
$
1,475,794

 
$
2,578,564

 
$
(984,783
)
 
$
1,593,781

 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible liability
 
 
 
 
 
 
 
 
 
 
 
 
Unfavorable contract liability
 
$
4,689,025

 
$
(2,373,885
)
 
$
2,315,140

 
$
4,689,025

 
$
(2,154,207
)
 
$
2,534,818

Schedule of Future Amortization Expense
Aggregate future amortization over the next five years is estimated to be as follows:
Year 1
 
$
(252,944
)
Year 2
 
(256,948
)
Year 3
 
(174,197
)
Year 4
 
(130,416
)
Year 5
 
(84,362
)