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Intangible Assets (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
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 

 

 
Weighted Average Remaining Amortization period
(years)
  
 
 
Cost
  
 
Accumulated
Amortization
  
 
 
Net Book Value
 
December 31, 2013
          
Licenses
  6.72  $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 
December 31, 2012
             
Licenses
  7.72  $462,234  $252,019  $210,215 
Patents
  3.3   1,893,185   1,247,672   645,513 
Total
  4.2  $2,355,419  $1,499,691  $855,728 
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 

 

Year
 
Amortization Expense
 
2014
 $222,800 
2015
 $172,500 
2016
 $61,800 
2017
 $61,800 
2018
 $20,800