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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2015
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:
 
 
 
 
June 30, 2015
 
December 31, 2014
 
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

 
(5,444,794
)
 
357,734

 
5,802,528

 
(5,358,433
)
 
444,095

Licenses
8 – 17
 
1,323,761

 
(1,118,739
)
 
205,022

 
1,323,761

 
(1,104,366
)
 
219,395

CELLECTRA®(b)
5 – 11
 
8,106,270

 
(6,184,406
)
 
1,921,864

 
8,106,270

 
(5,970,866
)
 
2,135,404

GHRH(b)
11
 
335,314

 
(192,740
)
 
142,574

 
335,314

 
(176,899
)
 
158,415

Other(c)
18
 
4,050,000

 
(2,343,750
)
 
1,706,250

 
4,050,000

 
(2,231,250
)
 
1,818,750

Total intangible assets
 
 
19,617,873

 
(15,284,429
)
 
4,333,444

 
19,617,873

 
(14,841,814
)
 
4,776,059

Total goodwill and intangible assets
 
 
$
29,731,244

 
$
(15,284,429
)
 
$
14,446,815

 
$
29,731,244

 
$
(14,841,814
)
 
$
14,889,430


(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.