Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Summary of Intangible Assets by Major Asset Class

The following sets forth the goodwill and intangible assets by major asset class:


		September 30, 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		(1,269,665)		54,096		1,323,761		(1,248,104)		75,657


Bioject(b)	12	5,100,000		(2,395,556)		2,704,444		5,100,000		(2,175,556)		2,924,444
Other(c)	18	4,050,000		(3,525,000)		525,000		4,050,000		(3,356,250)		693,750
Total intangible assets	11	10,473,761		(7,190,221)		3,283,540		10,473,761		(6,779,910)		3,693,851
Total goodwill and intangible assets		$	20,987,132	$	(7,190,221)	$	13,796,911	$	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.