Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

The patents and intangible assets and related change in carrying values are set forth in the tables below:

As of September 30, 2018:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	36,152,904	$	(20,336,961)	$	15,815,943	various
Other Intangible Assets
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(75,000,000)		105,000,000		12 years
Existing Customer Platforms	43,000,000		(21,500,000)		21,500,000		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
Total Other Intangible Assets	$	371,000,000	$	(96,500,000)	$	274,500,000
Total Patents & Other Intangible Assets	$	407,152,904	$	(116,836,961)	$	290,315,943

As of December 31, 2017:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	34,847,029	$	(18,943,554)	$	15,903,475	various
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(63,750,000)		116,250,000		12 years
Existing Customer Platforms	43,000,000		(18,275,000)		24,725,000		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
Total other identifiable intangible assets	$	371,000,000	$	(82,025,000)	$	288,975,000
Total Patents & Other Intangible Assets	$	405,847,029	$	(100,968,554)	$	304,878,475