Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	36,767,886	$	(21,456,037)	$	15,311,849	various
Other Intangible Assets
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(82,500,000)		97,500,000		12 years
Existing Customer Platforms	43,000,000		(23,650,000)		19,350,000		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
Total Other Intangible Assets	$	371,000,000	$	(106,150,000)	$	264,850,000
Total Patents & Other Intangible Assets	$	407,767,886	$	(127,606,037)	$	280,161,849

As of December 31, 2018:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	36,737,434	$	(21,014,168)	$	15,723,266	various
Other Intangible Assets
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(78,750,000)		101,250,000		12 years
Existing Customer Platforms	43,000,000		(22,575,000)		20,425,000		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
Total Other Intangible Assets	$	371,000,000	$	(101,325,000)	$	269,675,000
Total Patents & Other Intangible Assets	$	407,737,434	$	(122,339,168)	$	285,398,266