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)
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of September 30, 2021 and December 31, 2020 we had the following amounts related to intangible assets and liabilities other than goodwill:
September 30, 2021 December 31, 2020
Intangible assets Cost Accumulated Amortization Total Cost Accumulated Amortization Total
Product certifications $ 765,850  $ (519,083) $ 246,767  $ 726,159  $ (478,357) $ 247,802 
Patents 864,273  (291,664) 572,609  855,014  (220,764) 634,250 
Developed technology 240,000  (136,000) 104,000  240,000  (124,000) 116,000 
Trademarks 26,896  —  26,896  26,896  —  26,896 
In Process R&D 263,936  (18,853) 245,083  263,936  —  263,936 
Favorable contract asset 384,465  (345,773) 38,692  384,465  (313,030) 71,435 
$ 2,545,420  $ (1,311,373) $ 1,234,047  $ 2,496,470  $ (1,136,151) $ 1,360,319 
Intangible liability
Unfavorable contract liability $ 2,534,818  $ (1,185,926) $ 1,348,892  $ 2,534,818  $ (917,767) $ 1,617,051 
Schedule of Future Amortization Expense Aggregate future amortization over the next five years and thereafter as of September 30, 2021 is estimated to be as follows:
Non-contract Related Intangibles Contract Related Intangibles Total
Year 1 $ 204,679  $ (323,761) $ (119,082)
Year 2 199,576  (269,825) (70,249)
Year 3 182,373  (217,757) (35,384)
Year 4 173,803  (151,920) 21,883 
Year 5 169,787  (90,035) 79,752 
Thereafter 254,896  (273,557) (18,661)
Total $ 1,185,114  (1,326,855) $ (141,741)