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Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2014
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:
 
 
 
 
September 30, 2014
 
December 31, 2013
 
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

 
(5,305,963
)
 
496,565

 
5,802,528

 
(5,128,227
)
 
674,301

Licenses
8 – 17
 
1,323,761

 
(1,097,178
)
 
226,583

 
1,323,761

 
(1,075,617
)
 
248,144

CELLECTRA®(b)
5 – 11
 
8,106,270

 
(5,864,096
)
 
2,242,174

 
8,106,270

 
(5,543,786
)
 
2,562,484

GHRH(b)
11
 
335,314

 
(168,978
)
 
166,336

 
335,314

 
(145,215
)
 
190,099

Other(c)
18
 
4,050,000

 
(2,175,000
)
 
1,875,000

 
4,050,000

 
(2,006,250
)
 
2,043,750

Total intangible assets
 
 
19,617,873

 
(14,611,215
)
 
5,006,658

 
19,617,873

 
(13,899,095
)
 
5,718,778

Total goodwill and intangible assets
 
 
$
29,731,244

 
$
(14,611,215
)
 
$
15,120,029

 
$
29,731,244

 
$
(13,899,095
)
 
$
15,832,149


(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.