| Schedule of Intangible Assets |
As of June 30, 2022 and December 31, 2021 we had the following amounts related to intangible assets and liabilities other than goodwill:
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June 30, 2022 |
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December 31, 2021 |
| Intangible assets |
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Cost |
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Accumulated Amortization |
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Total |
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Cost |
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Accumulated Amortization |
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Total |
| Product certifications |
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$ |
777,465 |
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$ |
(559,162) |
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$ |
218,303 |
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$ |
765,850 |
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$ |
(532,676) |
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$ |
233,174 |
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| Patents |
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888,911 |
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(360,300) |
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528,611 |
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871,021 |
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(314,997) |
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556,024 |
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| Developed technology |
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240,000 |
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(148,000) |
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92,000 |
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240,000 |
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(140,000) |
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100,000 |
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| Trademarks |
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26,896 |
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— |
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26,896 |
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26,896 |
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— |
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26,896 |
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| In Process R&D |
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263,936 |
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(47,131) |
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216,805 |
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263,936 |
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(28,279) |
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235,657 |
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| Favorable contract asset |
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384,465 |
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(367,570) |
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16,895 |
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384,465 |
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(355,193) |
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29,272 |
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$ |
2,581,673 |
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$ |
(1,482,163) |
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$ |
1,099,510 |
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$ |
2,552,168 |
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$ |
(1,371,145) |
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$ |
1,181,023 |
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| Intangible liability |
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| Unfavorable contract liability |
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$ |
2,903,419 |
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$ |
(1,859,197) |
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$ |
1,044,222 |
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$ |
3,056,655 |
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$ |
(1,797,149) |
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$ |
1,259,506 |
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| Schedule of Future Amortization Expense |
Aggregate future amortization over the next five years and thereafter as of June 30, 2022 is estimated to be as follows:
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Non-contract Related Intangibles |
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Contract Related Intangibles |
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Total |
| Year 1 |
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$ |
200,712 |
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$ |
(272,512) |
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$ |
(71,800) |
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| Year 2 |
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192,689 |
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(230,226) |
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(37,537) |
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| Year 3 |
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180,127 |
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(140,487) |
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39,640 |
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| Year 4 |
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176,234 |
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(100,629) |
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75,605 |
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| Year 5 |
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172,622 |
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(78,509) |
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94,113 |
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| Thereafter |
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147,209 |
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(218,842) |
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(71,633) |
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| Total |
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$ |
1,069,593 |
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(1,041,205) |
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$ |
28,388 |
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We recognized a gain on termination of unfavorable contract liability of $71,375 in the six months ended June 30, 2022 due to the closing of certain energy production sites.
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