Quarterly report pursuant to Section 13 or 15(d)

7. INTANGIBLE ASSETS

v3.7.0.1
7. INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2017
Intangible Assets  
7. INTANGIBLE ASSETS

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

 

    June 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     $ 39,048     $ 4,060,998     $ —       $ —       $ —    
Right to intermediates     907,421       8,642       898,779       —         —         —    
Customer contract     1,076,557       25,331       1,051,226       —         —         —    
                      Total   $ 6,084,024     $ 73,021     $ 6,011,003     $ —       $ —       $ —    

 

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 months and six months ended June 30, 2017 was $0.1 million. Estimated aggregate future aggregate amortization expense for the next five years is expected to be as follows:

 

Remainder of 2017     $ 547,657  
2018       1,095,314  
2019       1,095,314  
2020       816,675  
2021       715,352