Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Liabilities Other Than Goodwill (Tables)

v3.22.1
Intangible Assets and Liabilities Other Than Goodwill (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of March 31, 2022 and December 31, 2021 we had the following amounts related to intangible assets and liabilities other than goodwill:
March 31, 2022 December 31, 2021
Intangible assets Cost Accumulated Amortization Total Cost Accumulated Amortization Total
Product certifications $ 777,465  $ (546,094) $ 231,371  $ 765,850  $ (532,676) $ 233,174 
Patents 875,626  (337,696) 537,930  871,021  (314,997) 556,024 
Developed technology 240,000  (144,000) 96,000  240,000  (140,000) 100,000 
Trademarks 26,896  —  26,896  26,896  —  26,896 
In Process R&D 263,936  (37,705) 226,231  263,936  (28,279) 235,657 
Favorable contract asset 384,465  (361,968) 22,497  384,465  (355,193) 29,272 
$ 2,568,388  $ (1,427,463) $ 1,140,925  $ 2,552,168  $ (1,371,145) $ 1,181,023 
Intangible liability
Unfavorable contract liability $ 2,903,419  $ (1,791,664) $ 1,111,755  $ 3,056,655  $ (1,797,149) $ 1,259,506 
Schedule of Future Amortization Expense Aggregate future amortization over the next five years and thereafter as of March 31, 2022 is estimated to be as follows:
Non-contract Related Intangibles Contract Related Intangibles Total
Year 1 $ 199,518  $ (288,741) $ (89,223)
Year 2 195,929  (239,891) (43,962)
Year 3 179,372  (147,725) 31,647 
Year 4 175,602  (114,043) 61,559 
Year 5 170,801  (79,359) 91,442 
Thereafter 185,113  (234,302) (49,189)
Total $ 1,106,335  (1,104,061) $ 2,274 

We recognized a gain on termination of unfavorable contract liability of $71,375 in three months ended March 31, 2022 due to the closing of certain energy production sites.