Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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


		March 31, 2021						December 31, 2020
	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		(1,284,039)		39,722		1,323,761		(1,276,852)		46,909


Bioject(b)	12	5,100,000		(2,542,222)		2,557,778		5,100,000		(2,468,889)		2,631,111
Other(c)	18	4,050,000		(3,637,500)		412,500		4,050,000		(3,581,250)		468,750
Total intangible assets	11	10,473,761		(7,463,761)		3,010,000		10,473,761		(7,326,991)		3,146,770
Total goodwill and intangible assets		$	20,987,132	$	(7,463,761)	$	13,523,371	$	20,987,132	$	(7,326,991)	$	13,660,141

(a)Goodwill was recorded from the acquisition of other companies.

(b)Bioject intangible assets represent the estimated fair value of developed technology and intellectual property which were recorded from an asset acquisition.

(c)Other intangible assets represent the estimated fair value of acquired intellectual property.

Aggregate amortization expense on intangible assets for each of the three months ended March 31, 2021 and 2020 was $137,000. Estimated aggregate amortization expense is $384,000 for the remainder of fiscal year 2021, $493,000 for 2022, $276,000 for 2023, $253,000 for 2024, $253,000 for 2025 and $1.4 million for 2026 and subsequent years combined.