Intangible Assets
 9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

 8. Intangible Assets

  

The gross carrying amount and accumulated amortization of the Company’s acquired identifiable intangible assets related to Plug Power Canada Inc. as of September 30, 2012 are as follows:  

 

 

 

 

 

 

 

 

 

 

 

 

Effect of

 

 

 

 

Weighted Average

 

Gross Carrying

 

Accumulated

 

Foreign Currency

 

 

 

 

Amortization Period

 

Amount

 

Amortization

 

Translation

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Technology

8 years

 

 

$

15,900,000 

 

$

(11,607,664)

 

$

1,281,656 

 

$

5,573,992 

 

Customer Relationships

8 years

 

 

1,000,000 

 

(677,083)

 

- 

 

322,917 

 

 

 

 

 

 

 

$

16,900,000 

 

$

(12,284,747)

 

$

1,281,656 

 

$

5,896,909 

 

 

The gross carrying amount and accumulated amortization of the Company’s acquired identifiable intangible assets related to Plug Power Canada Inc. as of December 31, 2011 are as follows:  

 

 

 

 

 

 

 

 

 

 

 

 

Effect of

 

 

 

 

Weighted Average

 

Gross Carrying

 

Accumulated

 

Foreign Currency

 

 

 

 

Amortization Period

 

Amount

 

Amortization

 

Translation

 

Total

 

Acquired Technology

8 years

 

 

$

15,900,000 

 

$

(9,974,597)

 

$

1,132,529 

 

$

7,057,932 

 

Customer Relationships

8 years

 

 

1,000,000 

 

(583,296)

 

- 

 

416,704 

 

 

 

 

 

 

 

$

16,900,000 

 

$

(10,557,893)

 

$

1,132,529 

 

$

7,474,636