| Gross Carrying Amounts and Net Book Value of Intangible Assets |
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Gross Carrying
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Accumulated
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Net Book
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Amount
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Amortization
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Value
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Intangible assets with finite lives:
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Developed technology - PREBOOST®
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$
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2,400,000
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$
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706,876
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$
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1,693,124
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Covenants not-to-compete
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500,000
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261,905
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238,095
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Total intangible assets with finite lives
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2,900,000
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968,781
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1,931,219
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Acquired in-process research and development assets
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18,000,000
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—
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18,000,000
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Total intangible assets
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$
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20,900,000
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$
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968,781
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$
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19,931,219
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The gross carrying amounts and net book value of intangible assets are as follows at September 30, 2019:
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Gross Carrying
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Accumulated
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Net Book
|
|
|
Amount
|
|
Amortization
|
|
Value
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|
Intangible assets with finite lives:
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|
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Developed technology - PREBOOST®
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$
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2,400,000
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$
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523,172
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$
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1,876,828
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Covenants not-to-compete
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500,000
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208,333
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291,667
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Total intangible assets with finite lives
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2,900,000
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731,505
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2,168,495
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Acquired in-process research and development assets
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18,000,000
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—
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18,000,000
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Total intangible assets
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$
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20,900,000
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$
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731,505
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$
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20,168,495
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