Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Liabilities Other Than Goodwill (Tables)

v3.19.3
Intangible Assets and Liabilities Other Than Goodwill (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
As of September 30, 2019 and December 31, 2018 the Company had the following amounts related to intangible assets and liabilities other than goodwill:
 
 
September 30, 2019
 
December 31, 2018
Intangible assets
 
Cost
 
Accumulated Amortization
 
Total
 
Cost
 
Accumulated Amortization
 
Total
Product certifications
 
$
726,159

 
$
(386,344
)
 
$
339,815

 
$
726,159

 
$
(345,658
)
 
$
380,501

Patents
 
971,830

 
(202,497
)
 
769,333

 
910,569

 
(188,239
)
 
722,330

Developed technology
 
240,000

 
(104,000
)
 
136,000

 
240,000

 
(92,000
)
 
148,000

Trademarks
 
26,146

 

 
26,146

 
22,752

 

 
22,752

In Process R&D
 
263,936

 

 
263,936

 
263,936

 

 
263,936

Favorable contract asset
 
274,858

 
(262,059
)
 
12,799

 
1,561,739

 
(232,099
)
 
1,329,640

TTcogen intangible assets
 
29,607

 
(5,551
)
 
24,056

 

 

 

 
 
$
2,532,536

 
$
(960,451
)
 
$
1,572,085

 
$
3,754,762

 
$
(860,772
)
 
$
2,893,990

 
 
 
 
 
 
 
 
 
 
 
 
 
Intangible liability
 
 
 
 
 
 
 
 
 
 
 
 
Unfavorable contract liability
 
$
4,689,025

 
$
(2,044,367
)
 
$
2,644,658

 
$
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
 
$
(167,577
)
Year 2
 
(203,431
)
Year 3
 
(211,868
)
Year 4
 
(143,920
)
Year 5
 
(91,852
)