Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

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


		December 31, 2022						December 31, 2021
	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		(1,323,761)		—		1,323,761		(1,305,600)		18,161


Bioject (a)	12	5,100,000		(2,988,889)		2,111,111		5,100,000		(2,735,556)		2,364,444
Other (b)	18	4,050,000		(4,031,250)		18,750		4,050,000		(3,806,250)		243,750
Total intangible assets	11	10,473,761		(8,343,900)		2,129,861		10,473,761		(7,847,406)		2,626,355
Total goodwill and intangible assets		$	20,987,132	$	(8,343,900)	$	12,643,232	$	20,987,132	$	(7,847,406)	$	13,139,726

(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 $496,000, $520,000 and $547,000 for the years ended December 31, 2022, 2021 and 2020, respectively. Amortization expense related to intangible assets at December 31, 2022 is expected to be incurred as follows:


Year ending December 31,
2023	$	273,000
2024	253,000
2025	253,000
2026	253,000
2027	253,000
Thereafter	845,000
	$	2,130,000

There were no impairment or impairment indicators present and no losses were recorded during the years ended December 31, 2022, 2021 and 2020.