Goodwill And Intangible Assets, Net

6 Months Ended

Jun. 30, 2011

Goodwill And Intangible Assets, Net

Goodwill And Intangible Assets, Net

Note 5. Goodwill and Intangible Assets, net

Goodwill

During the three and six months ended June 30, 2011, there were no impairment charges recognized and the Company did not dispose of or recognize additional goodwill. As a result, at both June 30, 2011 and December 31, 2011, the carrying amount of goodwill was $1.3 million, which resulted from the August 2010 acquisition of certain assets from BioOne, a privately held Japanese company established to develop technologies to improve the safety of blood products in Asia.

Intangible Assets, net

The following is a summary of intangible assets, net at June 30, 2011 (in thousands):

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquisition-related intangible assets:
License - INTERCEPT Asia	$	2,017	($	168	)	$	1,849
Total intangible assets	$	2,017	($	168	)	$	1,849

The following is a summary of intangible assets, net at December 31, 2010 (in thousands):

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquisition-related intangible assets:
License - INTERCEPT Asia	$	2,017	($	67	)	$	1,950
Total intangible assets	$	2,017	($	67	)	$	1,950

The Company recognized $0.05 million and $0.1 million in amortization expense related to intangible assets for the three and six months ended June 30, 2011. During the three and six months ended June 30, 2011, there were no impairment charges recognized and the Company did not renew or extend the term of the acquired intangible assets.

The expected annual amortization expense of the intangible assets, net at June 30, 2011 are $0.1 million for the remaining six months of 2011, $0.2 million each subsequent year thereafter through December 31, 2019 and $0.1 million in 2020.