Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Liabilities Other Than Goodwill (Tables)

v3.21.2
Intangible Assets and Liabilities Other Than Goodwill (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of June 30, 2021 and December 31, 2020 the Company had the following amounts related to intangible assets and liabilities other than goodwill:
June 30, 2021 December 31, 2020
Intangible assets Cost Accumulated Amortization Total Cost Accumulated Amortization Total
Product certifications $ 726,159  $ (505,542) $ 220,617  $ 726,159  $ (478,357) $ 247,802 
Patents 853,296  (268,379) 584,917  855,014  (220,764) 634,250 
Developed technology 240,000  (132,000) 108,000  240,000  (124,000) 116,000 
Trademarks 26,896  —  26,896  26,896  —  26,896 
In Process R&D 263,936  (9,426) 254,510  263,936  —  263,936 
Favorable contract asset 384,465  (335,032) 49,433  384,465  (313,030) 71,435 
$ 2,494,752  $ (1,250,379) $ 1,244,373  $ 2,496,470  $ (1,136,151) $ 1,360,319 
Intangible liability
Unfavorable contract liability $ 2,534,818  $ (1,096,540) $ 1,438,278  $ 2,534,818  $ (917,767) $ 1,617,051 
Schedule of Future Amortization Expense Aggregate future amortization over the next five years and thereafter is estimated to be as follows:
Year 1 $ (127,451)
Year 2 (94,816)
Year 3 (52,826)
Year 4 (7,080)
Year 5 60,360 
Thereafter 1,012 
Total $ (220,801)