Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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


		March 31, 2023						December 31, 2022
	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)		—


Bioject(a)	12	5,100,000		(3,052,222)		2,047,778		5,100,000		(2,988,889)		2,111,111
Other(b)	18	4,050,000		(4,050,000)		—		4,050,000		(4,031,250)		18,750
Total intangible assets	11	9,150,000		(7,102,222)		2,047,778		10,473,761		(8,343,900)		2,129,861
Total goodwill and intangible assets		$	19,663,371	$	(7,102,222)	$	12,561,149	$	20,987,132	$	(8,343,900)	$	12,643,232

(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 for the three months ended March 31, 2023 and 2022 was $82,000 and $127,000, respectively. Estimated aggregate amortization expense is $190,000 for the remainder of fiscal year 2023, $253,000 for 2024, $253,000 for 2025, $253,000 for 2026, $253,000 for 2027 and $845,000 for 2028 and subsequent years combined. There were no impairment or impairment indicators present and no losses were recorded during the three months ended March 31, 2023 or 2022.