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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The carrying value of Goodwill as of June 30, 2020 and December 31, 2019 was $309.0 million and $307.4 million, respectively.
| Carrying Amount
Balance as of December 31, 2019 | $ | 307,365,845 |
Acquisitions | 1,667,177 |
Divestitures | — |
Impairments | — |
Other | — |
Balance as of June 30, 2020 | $ | 309,033,022 |
Schedule of Intangible Assets | The patents and intangible assets and related change in carrying values are set forth in the tables below: As of June 30, 2020:
Other Intangible Assets | Gross | Accumulated Amortization | Net | Assumed Useful Life
Gentex Patents | $ | 37,859,912 |  | $ | (23,591,325) |  | $ | 14,268,587 |  | Various
Vaporsens Technology License | 279,113 |  | (31,357) |  | 247,756 |  | Various
Other Intangible Assets |  |  |  |
HomeLink® Trade Names and Trademarks | $ | 52,000,000 |  | $ | — |  | $ | 52,000,000 |  | Indefinite
HomeLink® Technology | 180,000,000 |  | (101,250,000) |  | 78,750,000 |  | 12 years
Existing Customer Platforms | 43,000,000 |  | (29,025,000) |  | 13,975,000 |  | 10 years
Exclusive Licensing Agreement | 96,000,000 |  | — |  | 96,000,000 |  | Indefinite
Vaporsens In-Process R&D | 11,000,000 |  | — |  | 11,000,000 |  | Indefinite
Total Other Intangible Assets | $ | 382,000,000 |  | $ | (130,275,000) |  | $ | 251,725,000 |  |
Total Patents & Other Intangible Assets | $ | 420,139,025 |  | $ | (153,897,682) |  | $ | 266,241,343 |  |
As of December 31, 2019:
Other Intangible Assets | Gross | Accumulated Amortization | Net | Assumed Useful Life
Gentex Patents | $ | 37,328,963 |  | $ | (22,491,010) |  | $ | 14,837,953 |  | Various
Other Intangible Assets |  |  |  |
HomeLink® Trade Names and Trademarks | $ | 52,000,000 |  | $ | — |  | $ | 52,000,000 |  | Indefinite
HomeLink® Technology | 180,000,000 |  | (93,750,000) |  | 86,250,000 |  | 12 years
Existing Customer Platforms | 43,000,000 |  | (26,875,000) |  | 16,125,000 |  | 10 years
Exclusive Licensing Agreement | 96,000,000 |  | — |  | 96,000,000 |  | Indefinite
Total Other Intangible Assets | $ | 371,000,000 |  | $ | (120,625,000) |  | $ | 250,375,000 |  |
Total Patents & Other Intangible Assets | $ | 408,328,963 |  | $ | (143,116,010) |  | $ | 265,212,953 |  |

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