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Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2020
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, 2020
 
December 31, 2019
 
Weighted Average Useful
Life
(Yrs)
Gross
 
Accumulated
Amortization
 
Net Book
Value
 
Gross
 
Accumulated
Amortization
 
Net Book
Value
Indefinite lived:
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill(a)
 
 
$
10,513,371

 
$
—

 
$
10,513,371

 
$
10,513,371

 
$
—

 
$
10,513,371

Definite lived:
 
 
 
 
 
 
 
 
 
 
 
 
 
Licenses
10
 
1,323,761

 
(1,255,291
)
 
68,470

 
1,323,761

 
(1,248,104
)
 
75,657

Bioject(b)
12
 
5,100,000

 
(2,248,889
)
 
2,851,111

 
5,100,000

 
(2,175,556
)
 
2,924,444

Other(c)
18
 
4,050,000

 
(3,412,500
)
 
637,500

 
4,050,000

 
(3,356,250
)
 
693,750

Total intangible assets
11
 
10,473,761

 
(6,916,680
)
 
3,557,081

 
10,473,761

 
(6,779,910
)
 
3,693,851

Total goodwill and intangible assets
 
 
$
20,987,132

 
$
(6,916,680
)
 
$
14,070,452

 
$
20,987,132

 
$
(6,779,910
)
 
$
14,207,222


(a)
Goodwill was recorded from the Inovio AS acquisition in January 2005, the acquisition of VGX in June 2009 and the acquisition of Bioject in April 2016 for $3.9 million, $6.2 million and $400,000, respectively.
(b)
Bioject intangible assets represent the estimated fair value of developed technology and intellectual property which were recorded from the Bioject asset acquisition.
(c)
Other intangible assets represent the estimated fair value of acquired intellectual property from the Inovio AS acquisition.