Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets at March 31, 2019 and December 31, 2018 are summarized in the tables below: 

March 31, 2019	Gross  Carrying  Value		Accumulated  Amortization			Net Carrying  Amount
Definite-lived Intangible assets, estimated lives in years:
Patents, Taper DPI Intellectual Property, 10 years	$	9,708,700	$	(5,097,068	)	$	4,611,632
Transition Services Agreement, 1 year		194,200		(194,200	)		—
FDA 503B Registration & Compliance - USC, 10 years		3,963,000		(1,176,791	)		2,786,209
Non-compete Agreement - USC, 3 years		1,639,000		(1,622,304	)		16,696
Customer Relationships - USC, 10 years		5,572,000		(1,654,574	)		3,917,426
Website Design - USC, 3 years		16,163		(11,226	)		4,937
Total Definite-lived Assets		21,093,063		(9,756,163	)		11,336,900
Trade Name and Brand - USC, Indefinite		1,245,000		—			1,245,000
Symjepi™ Domain Name		9,674		—			9,674
Balance, March 31, 2019	$	22,347,737	$	(9,756,163	)	$	12,591,574

December 31, 2018	Gross Carrying Value		Accumulated Amortization			Net Carrying Amount
Definite-lived Intangible assets, estimated lives in years:
Patents, Taper DPI Intellectual Property, 10 years	$	9,708,700	$	(4,854,350	)	$	4,854,350
Transition Services Agreement, 1 year		194,200		(194,200	)		—
FDA 503B Registration & Compliance - USC, 10 years		3,963,000		(1,077,716	)		2,885,284
Non-compete Agreement - USC, 3 years		1,639,000		(1,485,721	)		153,279
Customer Relationships - USC, 10 years		5,572,000		(1,515,274	)		4,056,726
Website Design- USC, 3 years		16,163		(9,880	)		6,283
Total Definite-lived Assets		21,093,063		(9,137,141	)		11,955,922
Trade Name and Brand - USC, Indefinite		1,245,000		—			1,245,000
Symjepi™ Domain Name		9,674		—			9,674
Balance, December 31, 2018	$	22,347,737	$	(9,137,141	)	$	13,210,596

Schedule of estimated future amortization expense

Estimated amortization expense of definite-lived intangible assets at March 31, 2019 for each of the five succeeding years and thereafter is as follows:  

Year ending December 31,
2019	$	1,464,014
2020		1,925,266
2021		1,924,370
2022		1,924,370
2023		1,924,370
Thereafter		2,174,510
Total	$	11,336,900