Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013							December 31, 2012
	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		(5,128,227		)	674,301		5,802,528		(4,852,673		)	949,855
Licenses	8 – 17	1,323,761		(1,075,617		)	248,144		1,323,761		(1,046,870		)	276,891
CELLECTRA^®(b)	5 – 11	8,106,270		(5,543,786		)	2,562,484		8,106,270		(4,334,234		)	3,772,036
GHRH(b)	11	335,314		(145,215		)	190,099		335,314		(113,531		)	221,783
Other(c)	18	4,050,000		(2,006,250		)	2,043,750		4,050,000		(1,781,250		)	2,268,750
Total intangible assets		19,617,873		(13,899,095		)	5,718,778		19,617,873		(12,128,558		)	7,489,315
Total goodwill and intangible assets		$	29,731,244	$	(13,899,095	)	$	15,832,149	$	29,731,244	$	(12,128,558	)	$	17,602,686


(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 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, 2013 for each of the next five fiscal years and beyond is expected to be incurred as follows:



2014	$	943,000
2015	870,000
2016	816,000
2017	775,000
2018	773,000
Thereafter	1,542,000
	$	5,719,000