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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets [Abstract]  
Summary of intangible assets by major asset class
                                                         
    Useful
Life
(Yrs)
    June 30, 2012     December 31, 2011  
    Gross     Accumulated
Amortization
    Net Book
Value
    Gross     Accumulated
Amortization
    Net Book
Value
 

Non-Amortizing:

                                                       

Goodwill(a)

          $ 10,113,371     $ —       $ 10,113,371     $ 10,113,371     $ —       $ 10,113,371  

Amortizing:

                                                       

Patents

    8 - 17       5,802,528       (4,696,362     1,106,166       5,802,528       (4,526,488     1,276,040  

Licenses

    8 - 17       1,323,761       (1,032,496     291,265       1,323,761       (1,018,122     305,639  

CELLECTRA®(b)

    5 - 11       8,106,270       (3,729,455     4,376,815       8,106,270       (3,124,680     4,981,590  

GHRH(b)

    11       335,314       (97,691     237,623       335,314       (81,848     253,466  

Other(c)

    18       4,050,000       (1,668,750     2,381,250       4,050,000       (1,556,250     2,493,750  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets

            19,617,873       (11,224,754     8,393,119       19,617,873       (10,307,388     9,310,485  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total goodwill and intangible assets

          $ 29,731,244     $ (11,224,754   $ 18,506,490     $ 29,731,244     $ (10,307,388   $ 19,423,856  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Goodwill was recorded from the Inovio AS acquisition in January 2005 and from the acquisition of VGX in June 2009 for $3.9 million and $6.2 million, respectively.
(b)

CELLECTRA® and GHRH are developed technologies that were recorded from the acquisition of VGX.

(c) Other intangible assets represent the fair value of acquired contracts and intellectual property from the Inovio AS acquisition.