Intangible Assets - Components of Intangible Assets (Details) - USD ($) |
12 Months Ended | |
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Dec. 31, 2016 |
Dec. 31, 2015 |
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Intangible assets consist of: | ||
Less: accumulated amortization | $ (463,575) | $ (399,509) |
Intangible assets, net | 828,979 | 678,082 |
Amortization of Intangible Assets | 74,871 | 45,828 |
Impairment charges of long lived assets | 0 | 0 |
Licensing Agreements | ||
Intangible assets consist of: | ||
Finite-lived intangible assets, gross | $ 984,342 | 897,594 |
Licensing Agreements | Minimum | ||
Intangible assets consist of: | ||
Amortization period of intangible assets | 17 years | |
Licensing Agreements | Maximum | ||
Intangible assets consist of: | ||
Amortization period of intangible assets | 20 years | |
Patents | ||
Intangible assets consist of: | ||
Finite-lived intangible assets, gross | $ 308,212 | $ 179,997 |
Amortization period of intangible assets | 3 years | |
Non-amortizable pending costs | $ 308,212 |
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- Definition Represents capitalized costs related to patents that are pending, not currently subject to amortization. Amount is included in total of finite lived intangible assets gross. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Remaining amortization period of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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