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Intangible Assets (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Intangible Assets [Abstract]    
Summary of intangible assets

 

 

Cost

 

Accumulated Amortization

 

Net Book
Value

September 30, 2016

 

 

 

 

 

 

 

 

 

Licenses

 

$

462,234

 

$

354,179

 

$

108,055

Patents

 

 

1,893,185

 

 

1,858,932

 

 

34,253

Total

 

$

2,355,419

 

$

2,213,111

 

$

142,308

December 31, 2015

 

 

 

 

 

 

 

 

 

Licenses

 

$

462,234

 

$

333,732

 

$

128,502

Patents

 

 

1,893,185

 

 

1,832,955

 

 

60,230

Total

 

$

2,355,419

 

$

2,166,687

 

$

188,732

  
Weighted Average
Remaining Amortization
Period (Years)
  Cost  Accumulated Amortization  Net Book Value 
December 31, 2015         
Licenses  3.8  $462,234  $333,732  $128,502 
Patents  1.1   1,893,185   1,832,955   60,230 
Total  1.9  $2,355,419  $2,166,687  $188,732 
December 31, 2014                
Licenses  4.7  $462,234  $306,495  $155,739 
Patents  1.9   1,893,185   1,638,975   254,210 
Total  2.6  $2,355,419  $1,945,470  $409,949 

Summary of annual amortization expense

 

 

Amortization Expense

October 1 thru December 31, 2016

 

$

15,376

2017

 

$

61,800

2018

 

$

37,300

2019

 

$

27,832

 Year Amortization Expense
 2016 $61,800
 2017 $61,800
 2018 $37,300
 2019 $27,832