Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Liabilities Other Than Goodwill (Tables)

v3.21.1
Intangible Assets and Liabilities Other Than Goodwill (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of March 31, 2021 and December 31, 2020 the Company had the following amounts related to intangible assets and liabilities other than goodwill:
March 31, 2021 December 31, 2020
Intangible assets Cost Accumulated Amortization Total Cost Accumulated Amortization Total
Product certifications $ 726,160  $ (491,950) $ 234,210  $ 726,159  $ (478,357) $ 247,802 
Patents 853,296  (244,810) 608,486  855,014  (220,764) 634,250 
Developed technology 240,000  (128,000) 112,000  240,000  (124,000) 116,000 
Trademarks 26,896  —  26,896  26,896  —  26,896 
In Process R&D 263,936  —  263,936  263,936  —  263,936 
Favorable contract asset 384,465  (324,290) 60,175  384,465  (313,030) 71,435 
$ 2,494,753  $ (1,189,050) $ 1,305,703  $ 2,496,470  $ (1,136,151) $ 1,360,319 
Intangible liability
Unfavorable contract liability $ 2,534,818  $ (1,007,153) $ 1,527,665  $ 2,534,818  $ (917,767) $ 1,617,051 
Schedule of Future Amortization Expense Aggregate future amortization over the next five years is estimated to be as follows:
Year 1 $ (120,704)
Year 2 (106,386)
Year 3 (53,634)
Year 4 (21,374)
Year 5 and thereafter 53,239 
Total $ (248,859)