| Schedule of Intangible Assets |
As of September 30, 2024 and December 31, 2023 we had the following amounts related to intangible assets and liabilities other than goodwill:
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September 30, 2024 |
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December 31, 2023 |
| 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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$ |
(702,099) |
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$ |
75,366 |
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$ |
777,465 |
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$ |
(658,676) |
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$ |
118,789 |
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| Patents |
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888,910 |
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(562,581) |
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326,329 |
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888,910 |
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(496,807) |
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392,103 |
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| Developed technology |
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240,000 |
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(184,000) |
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56,000 |
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240,000 |
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(172,000) |
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68,000 |
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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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(131,968) |
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131,968 |
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263,936 |
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(103,689) |
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160,247 |
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| Favorable contract asset |
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384,465 |
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(378,914) |
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5,551 |
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384,465 |
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(376,139) |
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8,326 |
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| Customer contracts |
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2,225,123 |
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(242,827) |
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1,982,296 |
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1,772,659 |
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(110,791) |
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1,661,868 |
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$ |
4,806,795 |
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$ |
(2,202,389) |
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$ |
2,604,406 |
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$ |
4,354,331 |
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$ |
(1,918,102) |
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$ |
2,436,229 |
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| Intangible liability |
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| Unfavorable contract liability |
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$ |
2,618,168 |
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$ |
(2,153,591) |
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$ |
464,577 |
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$ |
2,618,168 |
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$ |
(2,019,122) |
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$ |
599,046 |
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| Schedule of Future Amortization Expense |
Aggregate future amortization over the next five years and thereafter as of September 30, 2024 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 |
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Year 1
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$ |
165,671 |
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$ |
60,901 |
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$ |
226,572 |
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| Year 2 |
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163,235 |
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117,272 |
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280,507 |
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| Year 3 |
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162,227 |
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128,634 |
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290,861 |
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| Year 4 |
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57,013 |
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137,208 |
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194,221 |
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| Year 5 |
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31,388 |
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137,208 |
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168,596 |
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| Thereafter |
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10,129 |
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942,047 |
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952,176 |
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| Total |
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$ |
589,663 |
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1,523,270 |
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$ |
2,112,933 |
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