XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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:
|  |  | December 31, 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 |  |  | (5,516,122 | ) |  | 286,406 |  |  | 5,802,528 |  |  | (5,358,433 | ) |  | 444,095 |
Licenses | 8 – 17 |  | 1,323,761 |  |  | (1,133,113 | ) |  | 190,648 |  |  | 1,323,761 |  |  | (1,104,366 | ) |  | 219,395 |
CELLECTRA®(b) | 5 – 11 |  | 8,106,270 |  |  | (6,397,947 | ) |  | 1,708,323 |  |  | 8,106,270 |  |  | (5,970,866 | ) |  | 2,135,404 |
GHRH(b) | 11 |  | 335,314 |  |  | (208,581 | ) |  | 126,733 |  |  | 335,314 |  |  | (176,899 | ) |  | 158,415 |
Other(c) | 18 |  | 4,050,000 |  |  | (2,456,250 | ) |  | 1,593,750 |  |  | 4,050,000 |  |  | (2,231,250 | ) |  | 1,818,750 |
Total intangible assets |  |  | 19,617,873 |  |  | (15,712,013 | ) |  | 3,905,860 |  |  | 19,617,873 |  |  | (14,841,814 | ) |  | 4,776,059 |
Total goodwill and intangible assets |  |  | $ | 29,731,244 |  |  | $ | (15,712,013 | ) |  | $ | 14,019,231 |  |  | $ | 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.
Schedule of finite-lived intangible assets, future amortization expense | Amortization expense related to intangible assets at December 31, 2015 for each of the next five fiscal years and beyond is expected to be incurred as follows:
2016 | $ | 815,244 |
2017 | 775,331 |
2018 | 772,918 |
2019 | 772,918 |
2020 | 253,748 |
Thereafter | 515,701 |
| $ | 3,905,860 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration