Intangible Assets - Components of Intangible Assets (Details) - USD ($) |
3 Months Ended | ||
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Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2016 |
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Intangible assets consist of: | |||
Less: accumulated amortization | $ (480,300) | $ (463,575) | |
Intangible assets, net | 890,688 | 828,979 | |
Amortization of Intangible Assets | 23,189 | $ 16,016 | |
Future amortization of license and patent agreements | |||
Remainder of this year | 55,000 | ||
License Agreements | |||
Intangible assets consist of: | |||
Finite-lived intangible assets, gross | $ 991,451 | 984,342 | |
License Agreements | Minimum | |||
Intangible assets consist of: | |||
Amortization period of intangible assets | 17 years | ||
License Agreements | Maximum | |||
Intangible assets consist of: | |||
Amortization period of intangible assets | 20 years | ||
Patents | |||
Intangible assets consist of: | |||
Finite-lived intangible assets, gross | $ 379,537 | $ 308,212 | |
Amortization period of intangible assets | 3 years | ||
Non-amortizable pending costs | $ 379,537 |
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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 of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized in the remainder of the fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. No definition available.
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- References No definition available.
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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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