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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 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:
|  |  | December 31, 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 |  |  | (5,358,433 | ) |  | 444,095 |  |  | 5,802,528 |  |  | (5,128,227 | ) |  | 674,301 |
Licenses | 8 – 17 |  | 1,323,761 |  |  | (1,104,366 | ) |  | 219,395 |  |  | 1,323,761 |  |  | (1,075,617 | ) |  | 248,144 |
CELLECTRA®(b) | 5 – 11 |  | 8,106,270 |  |  | (5,970,866 | ) |  | 2,135,404 |  |  | 8,106,270 |  |  | (5,543,786 | ) |  | 2,562,484 |
GHRH(b) | 11 |  | 335,314 |  |  | (176,899 | ) |  | 158,415 |  |  | 335,314 |  |  | (145,215 | ) |  | 190,099 |
Other(c) | 18 |  | 4,050,000 |  |  | (2,231,250 | ) |  | 1,818,750 |  |  | 4,050,000 |  |  | (2,006,250 | ) |  | 2,043,750 |
Total intangible assets |  |  | 19,617,873 |  |  | (14,841,814 | ) |  | 4,776,059 |  |  | 19,617,873 |  |  | (13,899,095 | ) |  | 5,718,778 |
Total goodwill and intangible assets |  |  | $ | 29,731,244 |  |  | $ | (14,841,814 | ) |  | $ | 14,889,430 |  |  | $ | 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.
Schedule of finite-lived intangible assets, future amortization expense | Amortization expense related to intangible assets at December 31, 2014 for each of the next five fiscal years and beyond is expected to be incurred as follows:
2015 | $ | 870,200 |
2016 | 816,321 |
2017 | 775,331 |
2018 | 772,918 |
2019 | 772,918 |
Thereafter | 768,371 |
| $ | 4,776,059 |

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