Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets
    September 30, 2021     December 31, 2020        
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Amount
    Gross
Carrying
Amount
    Accumulated
Amortization
    Accumulated
Amortization
    Useful
Life
 
                                           
Patents   $ 32,751     $ (12,148 )   $ 20,603     $ 158,710     $ (3,809 )   $ 154,901       10  
Patents in process     140,070      
-
      140,070       133,112      
-
      133,112      
 N/A
 
Licenses     241,909       (35,424 )     206,485       241,909       (17,280 )     224,629       10  
Trademarks     3,800,000       (58,226 )     3,741,774      
-
     
-
     
-
      10  
FAA waiver     20,310,000       (311,202 )     19,998,798      
-
     
-
     
-
      10  
Developed technology     22,750,000       (232,392 )     22,517,608      
-
     
-
     
-
      15  
Non-compete agreements     340,000       (52,097 )     287,903      
-
     
-
     
-
      1  
Customer relationships     60,000       (1,839 )     58,161      
-
     
-
     
-
      5  
    $ 47,674,730     $ (703,328 )   $ 46,971,402     $ 533,731     $ (21,089 )   $ 512,642          

 

Schedule of estimated amortization expense
Year Ending December 31,   Estimated
Amortization
 
2021 (3 months)   $ 1,076,784  
2022   $ 4,221,696  
2023   $ 3,966,696  
2024   $ 3,966,419  
2025   $ 3,966,419