Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying value of Goodwill as of both June 30, 2022 and December 31, 2021 was $313.9 million and $314.0 million, respectively, as set forth in the table below:

	Carrying Amount
Balance as of December 31, 2021	$	313,960,209
Acquisitions	—
Divestitures	—
Impairments	—
Other	(102,559)
Balance as of June 30, 2022	$	313,857,650

Schedule of Intangible Assets

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

As of June 30, 2022:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	39,495,602	$	(27,389,285)	$	12,106,317	Various
Vaporsens Technology Licenses	351,290		(67,367)		283,923		Various
Other Intangible Assets
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(131,250,000)		48,750,000		12 years
Existing Customer Platforms	43,000,000		(37,625,000)		5,375,000		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
Vaporsens In-Process R&D	11,000,000		—		11,000,000		Indefinite
Argil In-Process R&D	6,278,132		—		6,278,132		Indefinite
Air-Craftglass In-Process R&D	1,507,778		—		1,507,778		Indefinite
Guardian Trade Names	1,300,000		—		1,300,000		Indefinite
Guardian In-Process R&D	6,800,000		—		6,800,000		Indefinite
Total Other Intangible Assets	$	397,885,910	$	(168,875,000)	$	229,010,910
Total Patents & Other Intangible Assets	$	437,732,802	$	(196,331,652)	$	241,401,150

As of December 31, 2021:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	39,362,187	$	(26,506,155)	$	12,856,032	Various
Vaporsens Technology Licenses	351,290		(50,107)		301,183		Various
Other Intangible Assets
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(123,750,000)		56,250,000		12 years
Existing Customer Platforms	43,000,000		(35,475,000)		7,525,000		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
Vaporsens In-Process R&D	11,000,000		—		11,000,000		Indefinite
Argil In-Process R&D	6,278,132		—		6,278,132		Indefinite
Air-Craftglass In-Process R&D	1,507,778		—		1,507,778		Indefinite
Guardian Trade Names	1,384,857		—		1,384,857		Indefinite
Guardian In-Process R&D	7,243,860		—		7,243,860		Indefinite
Total Other Intangible Assets	$	398,414,627	$	(159,225,000)	$	239,189,627
Total Patents & Other Intangible Assets	$	438,128,104	$	(185,781,262)	$	252,346,842