Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net consist of the following:



		December 31,
	Estimated Life	2019			2018
Patent costs	1 - 18 years	$	5,291,245		$	4,991,460
Developed technology	5 years	9,800,000			2,600,000
In-process research and development	N/A	1,580,000			200,000
Customer base	7 years	700,000			100,000
Trade names	3 years	550,000			150,000
		17,921,245			8,041,460
Accumulated amortization		(7,726,768		)	(4,739,190		)
Intangible assets, net		$	10,194,477		$	3,302,270

Estimated Aggregate Amortization Based on Net Value of Intangible Assets

Estimated aggregate amortization, based on the net value of intangible assets at December 31, 2019, for each of the next five years and beyond is as follows:



Year Ending December 31,
2020	$	1,640,851
2021	1,660,112
2022	1,509,418
2023	1,437,195
2024	1,247,195
2025 and beyond	2,699,706
	$	10,194,477