Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Liabilities Other Than Goodwill (Tables)

v3.19.2
Intangible Assets and Liabilities Other Than Goodwill (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of June 30, 2019 and December 31, 2018 the Company had the following amounts related to intangible assets and liabilities other than goodwill:
 
 
June 30, 2019
 
December 31, 2018
Intangible assets
 
Cost
 
Accumulated Amortization
 
Total
 
Cost
 
Accumulated Amortization
 
Total
Product certifications
 
$
726,159

 
$
(372,782
)
 
$
353,377

 
$
726,159

 
$
(345,658
)
 
$
380,501

Patents
 
930,509

 
(198,362
)
 
732,147

 
910,569

 
(188,239
)
 
722,330

Developed technology
 
240,000

 
(100,000
)
 
140,000

 
240,000

 
(92,000
)
 
148,000

Trademarks
 
25,552

 

 
25,552

 
22,752

 

 
22,752

In Process R&D
 
263,936

 

 
263,936

 
263,936

 

 
263,936

Favorable contract asset
 
274,858

 
(260,217
)
 
14,641

 
1,561,739

 
(232,099
)
 
1,329,640

TTcogen intangible assets
 
29,607

 
(4,626
)
 
24,981

 

 

 

 
 
$
2,490,621

 
$
(935,987
)
 
$
1,554,634

 
$
3,754,762

 
$
(860,772
)
 
$
2,893,990

 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible liability
 
 
 
 
 
 
 
 
 
 
 
 
Unfavorable contract liability
 
$
4,689,025

 
$
(1,934,528
)
 
$
2,754,497

 
$
7,912,275

 
$
(1,619,676
)
 
$
6,292,599

Schedule of Future Amortization Expense
Aggregate future amortization over the next five years is estimated to be as follows:
Year 1
 
$
(179,760
)
Year 2
 
(190,417
)
Year 3
 
(214,440
)
Year 4
 
(176,316
)
Year 5
 
(116,609
)