Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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


		December 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		$	10,513,371	$	—	$	10,513,371	$	10,513,371	$	—	$	10,513,371
Definite lived:

Licenses	10	1,323,761		(1,305,600)		18,161		1,323,761		(1,276,852)		46,909


Bioject (a)	12	5,100,000		(2,735,556)		2,364,444		5,100,000		(2,468,889)		2,631,111
Other (b)	18	4,050,000		(3,806,250)		243,750		4,050,000		(3,581,250)		468,750
Total intangible assets	11	10,473,761		(7,847,406)		2,626,355		10,473,761		(7,326,991)		3,146,770
Total goodwill and intangible assets		$	20,987,132	$	(7,847,406)	$	13,139,726	$	20,987,132	$	(7,326,991)	$	13,660,141

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

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

Aggregate amortization expense on intangible assets was $520,000, $547,000 and $1.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. Amortization expense related to intangible assets at December 31, 2021 is expected to be incurred as follows:


Year ending December 31,
2022	$	493,000
2023	276,000
2024	253,000
2025	253,000
2026	253,000
Thereafter	1,098,000
	$	2,626,000

There were no impairment or impairment indicators present and no losses were recorded during the years ended December 31, 2021, 2020 and 2019, respectively.