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Intangible Assets | 9 Months Ended
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Sep. 30, 2017
Intangible Assets [Abstract] |
INTANGIBLE ASSETS |
9. | INTANGIBLE ASSETS
The intangible assets described in Note 8 are being amortized to cost of goods sold over their useful lives, which are estimated to be 10 years. Intangible amortization expense was $4,776 and ($133) during the three-month periods ended September 30, 2017 and 2016 and $14,328 and $15,309 during the nine-month periods ended September 30, 2017 and 2016, respectively. The net value of these intangibles was $157,608 as of September 30, 2017. A summary of intangible amortization expense estimated for the periods subsequent to September 30, 2017 is as follows:
Period |  | Amount |
Three months ending December 31, 2017 |  | $ | 4,776 |
Year ending December 31, 2018 |  |  | 19,104 |
Year ending December 31, 2019 |  |  | 19,104 |
Year ending December 31, 2020 |  |  | 19,104 |
Year ending December 31, 2021 |  |  | 19,104 |
After December 31, 2021 |  |  | 76,416 |
Total |  | $ | 157,608 |
Intangible assets as of September 30, 2017 consisted of the following:
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
Developed technology |  | $ | 184,100 |  |  | $ | (32,218 | ) |  | $ | 151,882 |
Customer relationships |  |  | 1,300 |  |  |  | (227 | ) |  |  | 1,073 |
Non-compete agreements |  |  | 5,640 |  |  |  | (987 | ) |  |  | 4,653 |
Total |  | $ | 191,040 |  |  | $ | (33,432 | ) |  | $ | 157,608 |
Intangible assets as of December 31, 2016 consisted of the following:
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
Developed technology |  | $ | 184,100 |  |  | $ | (18,410 | ) |  | $ | 165,690 |
Customer relationships |  |  | 1,300 |  |  |  | (130 | ) |  |  | 1,170 |
Non-compete agreements |  |  | 5,640 |  |  |  | (564 | ) |  |  | 5,076 |
Total |  | $ | 191,040 |  |  | $ | (19,104 | ) |  | $ | 171,936 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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