Quarterly report pursuant to Section 13 or 15(d)

7. INTANGIBLE ASSETS

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7. INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2017
Intangible Assets  
7. INTANGIBLE ASSETS

Intangible assets at September 30, 2017 and December 31, 2016 consist of the following:

 

    September 30, 2017   December 31, 2016
    Cost   Accumulated Amortization   Net   Cost   Accumulated Amortization   Net
Trademark and other intangible rights related to Nabi-HB®   $ 4,100,046     $ 185,478     $ 3,914,568     $ —       $ —       $ —    
Right to intermediates     907,421       41,050       866,371       —         —         —    
Customer contract     1,076,557       120,321       956,236       —         —         —    
                      Total   $ 6,084,024     $ 346,849     $ 5,737,175     $ —       $ —       $ —    

 

Under the previous contract manufacturing agreement between ADMA and BPC, intermediate by-products derived from the manufacture of RI-002 were property of Biotest. As a result of the transaction, ADMA now has the right to these intermediate products. The customer contract pertains to a contract manufacturing agreement with a third party that the Company assumed upon the completion of the acquisition of the Biotest Assets. Amortization expense related to these acquisition-related intangible assets for the three and nine months ended September 30, 2017 was $0.3 million. Estimated aggregate future aggregate amortization expense for the next five years is expected to be as follows:

  

  Remainder of 2017     $ 273,828  
  2018       1,095,314  
  2019       1,095,314  
  2020       816,675  
  2021       715,352