XML 64 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | The changes in the carrying amount of intangible assets for the year ended December 31, 2019 and 2018 were as follows:
|  | 2019 |  |  | 2018 |
Balance at beginning of year |  | $ | 306,575 |  |  | $ | 463,578 |
Deduction: Amortization expense |  |  | (132,338 | ) |  |  | (157,003 | )
Balance at end of year |  | $ | 174,237 |  |  | $ | 306,575 |
Schedule of Intangible Assets and Goodwill | The following tables set forth the components of intangible assets as of December 31, 2019 and 2018:
|  |  |  |  | As of December 31, 2019 |
|  | Estimated |  |  | Adjusted |  |  |  |  |  |  |
|  | Useful |  |  | Carrying |  |  | Accumulated |  |  |  |
|  | Life |  |  | Amount |  |  | Amortization |  |  | Net |
Patents and copyrights |  |  | 2-17 years |  |  | $ | 480,661 |  |  | $ | (306,424 | ) |  | $ | 174,237 |
|  |  |  |  |  | $ | 480,661 |  |  | $ | (306,424 | ) |  | $ | 174,237 |
|  | As of December 31, 2018 |
|  | Adjusted |  |  |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  |  |
|  | Amount |  |  | Amortization |  |  | Net |
Trade name |  | $ | 286,590 |  |  | $ | (278,825 | ) |  | $ | 7,765 |
Patents and copyrights |  |  | 954,915 |  |  |  | (746,229 | ) |  |  | 208,686 |
Non-contractual customer relationships |  |  | 2,431,655 |  |  |  | (2,341,531 | ) |  |  | 90,124 |
|  | $ | 3,673,160 |  |  | $ | (3,366,585 | ) |  |  | 306,575 |
Schedule of Finite-Lived Intangible Assets Amortization Expense | The following summarizes amortization of acquisition related intangible assets included in the statement of operations:
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |
Cost of sales |  | $ | 104,830 |  |  | $ | 129,496 |
General and administrative |  |  | 27,508 |  |  |  | 27,507 |
|  | $ | 132,338 |  |  | $ | 157,003 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The Company expects that amortization expense for the next five succeeding years will be as follows:
2020 |  | $ | 24,980
2021 |  | $ | 24,980
2022 |  | $ | 24,980
2023 |  | $ | 24,980
2024 |  | $ | 24,980

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration