| Schedule of Intangible Assets |
As of September 30, 2022 and December 31, 2021 we had the following amounts related to intangible assets and liabilities other than goodwill:
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September 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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$ |
(572,230) |
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$ |
205,235 |
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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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(382,765) |
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506,146 |
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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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(152,000) |
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88,000 |
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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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(56,558) |
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207,378 |
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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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(370,824) |
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13,641 |
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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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$ |
(1,534,377) |
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$ |
1,047,296 |
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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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$ |
(1,930,898) |
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$ |
972,521 |
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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 September 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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$ |
201,568 |
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$ |
(265,854) |
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$ |
(64,286) |
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| Year 2 |
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187,551 |
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(217,757) |
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(30,206) |
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| Year 3 |
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178,984 |
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(120,464) |
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58,520 |
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| Year 4 |
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174,968 |
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(90,035) |
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84,933 |
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| Year 5 |
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172,545 |
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(78,261) |
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94,284 |
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| Thereafter |
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104,784 |
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(200,150) |
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(95,366) |
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| Total |
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$ |
1,020,400 |
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(972,521) |
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$ |
47,879 |
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We recognized a gain on termination of unfavorable contract liability of $71,375 in the nine months ended September 30, 2022 due to the closing of certain energy production sites.
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