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Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2016
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:
 
 
 
 
March 31, 2016
 
December 31, 2015
 
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

 
(5,547,536
)
 
254,992

 
5,802,528

 
(5,516,122
)
 
286,406

Licenses
8 – 17
 
1,323,761

 
(1,140,300
)
 
183,461

 
1,323,761

 
(1,133,113
)
 
190,648

CELLECTRA®(b)
5 – 11
 
8,106,270

 
(6,504,717
)
 
1,601,553

 
8,106,270

 
(6,397,947
)
 
1,708,323

GHRH(b)
11
 
335,314

 
(216,502
)
 
118,812

 
335,314

 
(208,581
)
 
126,733

Other(c)
18
 
4,050,000

 
(2,512,500
)
 
1,537,500

 
4,050,000

 
(2,456,250
)
 
1,593,750

Total intangible assets
 
 
19,617,873

 
(15,921,555
)
 
3,696,318

 
19,617,873

 
(15,712,013
)
 
3,905,860

Total goodwill and intangible assets
 
 
$
29,731,244

 
$
(15,921,555
)
 
$
13,809,689

 
$
29,731,244

 
$
(15,712,013
)
 
$
14,019,231


(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.