| Schedule of Finite-Lived Intangible Assets |
Intangible assets and liabilities at December 31, 2020 and 2019 consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
December 31, 2019 |
| Intangible assets |
|
Cost |
|
Accumulated Amortization |
|
Net |
|
Cost |
|
Accumulated Amortization |
|
Net |
| Product certifications |
|
$ |
726,159 |
|
|
$ |
(478,357) |
|
|
$ |
247,802 |
|
|
$ |
726,159 |
|
|
$ |
(399,906) |
|
|
$ |
326,253 |
|
| Patents |
|
855,014 |
|
|
(220,764) |
|
|
634,250 |
|
|
1,017,108 |
|
|
(206,499) |
|
|
810,609 |
|
| Developed technology |
|
240,000 |
|
|
(124,000) |
|
|
116,000 |
|
|
240,000 |
|
|
(108,000) |
|
|
132,000 |
|
| Trademarks |
|
26,896 |
|
|
— |
|
|
26,896 |
|
|
26,896 |
|
|
— |
|
|
26,896 |
|
| In process R&D |
|
263,936 |
|
|
— |
|
|
263,936 |
|
|
263,936 |
|
|
— |
|
|
263,936 |
|
| Favorable contract assets |
|
384,465 |
|
|
(313,031) |
|
|
71,434 |
|
|
304,465 |
|
|
(270,378) |
|
|
34,087 |
|
|
|
$ |
2,496,470 |
|
|
$ |
(1,136,152) |
|
|
$ |
1,360,318 |
|
|
$ |
2,578,564 |
|
|
$ |
(984,783) |
|
|
$ |
1,593,781 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible liability |
|
|
|
|
|
|
|
|
|
|
|
|
| Unfavorable contract liability |
|
$ |
2,534,818 |
|
|
$ |
(917,767) |
|
|
$ |
1,617,051 |
|
|
$ |
4,689,025 |
|
|
$ |
(2,154,207) |
|
|
$ |
2,534,818 |
|
|
| Schedule of Estimated Future Amortization Expense |
Aggregate future amortization over the next five years is estimated to be as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-contract related intangibles |
|
Contract related intangibles |
|
Total |
| 2021 |
|
$ |
185,341 |
|
|
$ |
(317,275) |
|
|
$ |
(131,934) |
|
| 2022 |
|
178,264 |
|
|
(320,008) |
|
|
(141,744) |
|
| 2023 |
|
171,191 |
|
|
(253,372) |
|
|
(82,181) |
|
| 2024 |
|
150,054 |
|
|
(208,448) |
|
|
(58,394) |
|
| 2025 |
|
141,109 |
|
|
(130,116) |
|
|
10,993 |
|
| Thereafter |
|
455,459 |
|
|
(335,828) |
|
|
119,631 |
|
| |
|
$ |
1,281,418 |
|
|
$ |
(1,565,047) |
|
|
$ |
(283,629) |
|
|