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Patents (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Patent intangible assets consisted of the following at March 31, 2017:
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Average
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
 
 
Useful Life
 
Amount
 
Amortization
 
Amount
 
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
 
 
5.65
 
$
11,893,745
 
$
(5,112,549)
 
$
6,781,196
 
Total patent intangible assets
 
 
 
 
 
$
11,893,745
 
$
(5.112.549)
 
$
6,781,196
 
 
Patent intangible assets consisted of the following at December 31, 2016:
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Average
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
 
 
Useful Life
 
Amount
 
Amortization
 
Amount
 
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
 
 
5.9
 
$
11,893,745
 
$
(4,734,804)
 
$
7,158,941
 
Total patent intangible assets
 
 
 
 
 
$
11,893,745
 
$
(4,734,804)
 
$
7,158,941