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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Intangible Assets [Abstract]  
Summary of intangible assets

  Weighted Average Remaining Amortization Period 
(years)
  Cost  Accumulated 
Amortization
  Net Book 
Value
 
September 30, 2014            
Licenses  6.0  $462,234  $299,629  $162,605 
Patents  2.1   1,893,185   1,589,576   303,609 
Total  2.8  $2,355,419  $1,889,205  $466,214 
December 31, 2013                
Licenses  6.7  $462,234  $279,258  $182,976 
Patents  2.6   1,893,185   1,443,649   449,536 
Total  3.4  $2,355,419  $1,722,907  $632,512 

 

Summary of annual amortization expense

Year Amortization 
Expense
 
October 1 through December 31, 2014 $56,500 
2015 $172,500 
2016 $61,800 
2017 $61,800 
2018 $20,800