Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of intangible assets by major asset class

The following sets forth the goodwill and intangible assets by major asset class:



		December 31, 2012							December 31, 2011
	Useful Life (Yrs)	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		(4,852,673		)	949,855		5,802,528		(4,526,488		)	1,276,040
Licenses	8 – 17	1,323,761		(1,046,870		)	276,891		1,323,761		(1,018,122		)	305,639
CELLECTRA^®(b)	5 – 11	8,106,270		(4,334,234		)	3,772,036		8,106,270		(3,124,680		)	4,981,590
GHRH(b)	11	335,314		(113,531		)	221,783		335,314		(81,848		)	253,466
Other(c)	18	4,050,000		(1,781,250		)	2,268,750		4,050,000		(1,556,250		)	2,493,750
Total intangible assets		19,617,873		(12,128,558		)	7,489,315		19,617,873		(10,307,388		)	9,310,485
Total goodwill and intangible assets		$	29,731,244	$	(12,128,558	)	$	17,602,686	$	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 which 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.

Schedule of finite-lived intangible assets, future amortization expense

Amortization expense related to intangible assets at December 31, 2012 for each of the next five fiscal years and beyond is expected to be incurred as follows:



2013	$	1,771,000
2014	943,000
2015	870,000
2016	816,000
2017	775,000
Thereafter	2,314,000
	$	7,489,000