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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
NOTE 6 : Goodwill and Intangible Assets
 
The Company's amortizable and unamortizable intangible assets at March 31, 2016 and December 31, 2015 are as follows:
 
 
 
March 31, 2016
 
December 31, 2015
 
 
 
Gross
Value
 
Accumulated
Amortization
 
Net Carrying 
Amount
 
Gross
Value
 
Accumulated 
Amortization
 
Net Carrying 
Amount
 
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired IPR&D - Bloxiverz
 
$
35,248
 
$
(26,435)
 
$
8,813
 
$
35,248
 
$
(23,498)
 
$
11,750
 
Acquired IPR&D - Vazculep
 
 
12,061
 
 
(8,190)
 
 
3,871
 
 
12,061
 
 
(7,986)
 
 
4,075
 
Acquired product marketing rights
 
 
16,200
 
 
(300)
 
 
15,900
 
 
-
 
 
-
 
 
-
 
Acquired developed technology
 
 
4,400
 
 
(73)
 
 
4,327
 
 
-
 
 
-
 
 
-
 
Total amortizable intangible assets
 
$
67,909
 
$
(34,998)
 
$
32,911
 
$
47,309
 
$
(31,484)
 
$
15,825
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unamortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
 
24,599
 
 
(544)
 
 
24,055
 
 
19,035
 
 
(544)
 
 
18,491
 
Total unamortizable intangible assets
 
$
24,599
 
$
(544)
 
$
24,055
 
$
19,035
 
$
(544)
 
$
18,491
 
 
The Company recorded amortization expense related to amortizable intangible assets of $3,514 and $3,143 for the three months ended March 31, 2016 and 2015, respectively.
 
Amortizable intangible assets are amortized over their estimated useful lives, which range from three to ten years. Estimated amortization of intangible assets for the next five years is as follows:
 
Years ending December 31,
 
Estimated 
Amortization 
Expense
 
2016
 
$
14,616
 
2017
 
 
3,056
 
2018
 
 
3,056
 
2019
 
 
3,056
 
2020
 
 
3,056
 
Total
 
$
26,840
 
 
The change in net goodwill during the three months ended March 31, 2016 is as follows:
 
Balance - December 31, 2015
 
$
18,491
 
Impact of FSC Acquisition
 
 
5,564
 
Balance - March 31, 2016
 
$
24,055