Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying value of Goodwill as of both March 31, 2025 and December 31, 2024 was $340.7 million as set forth in the table below:

	Carrying Amount
Beginning balance as of January 1, 2025	$	340,668,927
Acquisitions	—
Divestitures	—
Impairments	—
Other	—
Balance as of March 31, 2025	$	340,668,927
Gross carrying value at March 31, 2025	$	344,333,631
Accumulated impairment charges	(3,664,704)
Net carrying value at March 31, 2025	$	340,668,927

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, 2025:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	39,503,234	$	(28,395,328)	$	11,107,906	Various
Other Intangible Assets
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(172,500,000)		7,500,000		12 years
Existing Customer Platforms	43,000,000		(43,000,000)		—		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
BioCenturion LLC ("BioCenturion") Trade Names and Trademarks	640,000		(26,666)		613,334		10 years
BioCenturion Technology	2,300,000		(79,861)		2,220,139		12 years
eSight Technology	12,000,000		(1,416,667)		10,583,333		12 years
eSight Trade Names and Trademarks	870,000		(102,708)		767,292		12 years
Vaporsens In-Process R&D	5,800,000		—		5,800,000		Indefinite
Argil In-Process R&D	6,278,132		—		6,278,132		Indefinite
Air-Craftglass Technology	1,507,778		(31,412)		1,476,366		12 years
Guardian Trade Names	1,300,000		(81,250)		1,218,750		12 years
Guardian Technology	6,800,000		(425,000)		6,375,000		12 years
Total Other Intangible Assets	$	408,495,910	$	(217,663,564)	$	190,832,346
Total Patents & Other Intangible Assets	$	447,999,144	$	(246,058,892)	$	201,940,252

As of December 31, 2024:

Other Intangible Assets	Gross		Accumulated Amortization		Net		Assumed Useful Life
Gentex Patents	$	39,266,409	$	(28,137,761)	$	11,128,648	Various
Other Intangible Assets
HomeLink® Trade Names and Trademarks	$	52,000,000	$	—	$	52,000,000	Indefinite
HomeLink® Technology	180,000,000		(168,750,000)		11,250,000		12 years
Existing Customer Platforms	43,000,000		(43,000,000)		—		10 years
Exclusive Licensing Agreement	96,000,000		—		96,000,000		Indefinite
BioCenturion Trade Names and Trademarks	640,000		—		640,000		10 years
BioCenturion Technology	2,300,000		—		2,300,000		12 years
eSight Technology	12,000,000		(1,166,667)		10,833,333		12 years
eSight Trade Names and Trademarks	870,000		(84,583)		785,417		12 years
Vaporsens In-Process R&D	5,800,000		—		5,800,000		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		(54,167)		1,245,833		12 years
Guardian In-Process R&D	6,800,000		(283,333)		6,516,667		12 years
Total Other Intangible Assets	$	408,495,910	$	(213,338,750)	$	195,157,160
Total Patents & Other Intangible Assets	$	447,762,319	$	(241,476,511)	$	206,285,808