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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The carrying value of Goodwill as of both March 31, 2022 and December 31, 2021 was $313.9 million and $314.0 million, respectively, as set forth in the table below:
| Carrying Amount
Balance as of December 31, 2021 | $ | 313,960,209 |
Acquisitions | — |
Divestitures | — |
Impairments | — |
Other | (31,295) |
Balance as of March 31, 2022 | $ | 313,928,914 |
Schedule of Intangible Assets | The patents and intangible assets and related change in carrying values are set forth in the tables below: As of March 31, 2022:
Other Intangible Assets | Gross | Accumulated Amortization | Net | Assumed Useful Life
Gentex Patents | $ | 39,290,691 |  | $ | (26,730,389) |  | $ | 12,560,302 |  | Various
Vaporsens Technology Licenses | 351,290 |  | (67,367) |  | 283,923 |  | Various
Other Intangible Assets |  |  |  |
HomeLink® Trade Names and Trademarks | $ | 52,000,000 |  | $ | — |  | $ | 52,000,000 |  | Indefinite
HomeLink® Technology | 180,000,000 |  | (127,500,000) |  | 52,500,000 |  | 12 years
Existing Customer Platforms | 43,000,000 |  | (36,550,000) |  | 6,450,000 |  | 10 years
Exclusive Licensing Agreement | 96,000,000 |  | — |  | 96,000,000 |  | Indefinite
Vaporsens In-Process R&D | 11,000,000 |  | — |  | 11,000,000 |  | Indefinite
Argil In-Process R&D | 6,278,132 |  | — |  | 6,278,132 |  | Indefinite
Air-Craftglass In-Process R&D | 1,507,778 |  | — |  | 1,507,778 |  | Indefinite
Guardian Trade Names | 1,302,844 |  | — |  | 1,302,844 |  | Indefinite
Guardian In-Process R&D | 7,191,049 |  | — |  | 7,191,049 |  | Indefinite
Total Other Intangible Assets | $ | 398,279,803 |  | $ | (164,050,000) |  | $ | 234,229,803 |  |
Total Patents & Other Intangible Assets | $ | 437,921,784 |  | $ | (190,847,756) |  | $ | 247,074,028 |  |
As of December 31, 2021:
Other Intangible Assets | Gross | Accumulated Amortization | Net | Assumed Useful Life
Gentex Patents | $ | 39,362,187 |  | $ | (26,506,155) |  | $ | 12,856,032 |  | Various
Vaporsens Technology Licenses | 351,290 |  | (50,107) |  | 301,183 |  | Various
Other Intangible Assets |  |  |  |
HomeLink® Trade Names and Trademarks | $ | 52,000,000 |  | $ | — |  | $ | 52,000,000 |  | Indefinite
HomeLink® Technology | 180,000,000 |  | (123,750,000) |  | 56,250,000 |  | 12 years
Existing Customer Platforms | 43,000,000 |  | (35,475,000) |  | 7,525,000 |  | 10 years
Exclusive Licensing Agreement | 96,000,000 |  | — |  | 96,000,000 |  | Indefinite
Vaporsens In-Process R&D | 11,000,000 |  | — |  | 11,000,000 |  | Indefinite
Argil In-Process R&D | 6,278,132 |  | — |  | 6,278,132 |  | Indefinite
Air-Craftglass In-Process R&D | 1,507,778 |  | — |  | 1,507,778 |  | Indefinite
Guardian Trade Names | 1,384,857 |  | — |  | 1,384,857 |  | Indefinite
Guardian In-Process R&D | 7,243,860 |  | — |  | 7,243,860 |  | Indefinite
Total Other Intangible Assets | $ | 398,414,627 |  | $ | (159,225,000) |  | $ | 239,189,627 |  |
Total Patents & Other Intangible Assets | $ | 438,128,104 |  | $ | (185,781,262) |  | $ | 252,346,842 |  |

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