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Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2014
Intangible Assets, Net  
Schedule of intangible assets

 

 

June 30, 2014

 

December 31, 2013

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Gross Carrying

 

Accumulative

 

Intangible

 

Carrying

 

Accumulative

 

Intangible

 

 

 

Amount

 

Amortization

 

Assets, net

 

Amount

 

Amortization

 

Assets, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Definite lived intangible assets

 

$

14,228,628

 

$

(595,323

)

$

13,633,305

 

$

7,779,000

 

$

(87,318

)

$

7,691,682

 

In-process research and development costs (IPR&D)

 

159,492

 

 

 

159,492

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

$

14,388,120

 

$

(595,323

)

$

13,792,797

 

$

7,779,000

 

$

(87,318

)

$

7,691,682

 

Schedule of estimated amortization expense

 

 

 

Amortization

 

For the Twelve Months Ending

 

Expense

 

June 30, 2015

 

$

1,284,744

 

June 30, 2016

 

1,284,744

 

June 30, 2017

 

1,284,744

 

June 30, 2018

 

1,284,744

 

June 30, 2019

 

1,284,744

 

Thereafter

 

7,209,585