XML 33 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets
6 Months Ended
Jun. 30, 2013
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE D — INTANGIBLE ASSETS

Intangible assets as of June 30, 2013 and December 31, 2012 consisted of the following (in thousands):

 

                             
    Weighted
Average
Amortization

Period
  June 30, 2013  
        COST     Accumulated
Amortization
    Net  
         

Support Vector Machine (SVM) technology

  108 months   $ 500     $ 84     $ 416  
         

Laboratory developed test (LDT) technology

  164 months   $ 1,482     $ 134     $ 1,348  
         

Flow Cytometry and Cytogenetics technology

  202 months   $ 1,000     $ 75     $ 925  
       

 

 

   

 

 

   

 

 

 
         

Total

      $ 2,982     $ 293     $ 2,689  
       

 

 

   

 

 

   

 

 

 

 

                             
    Weighted
Average
Amortization

Period
  December 31, 2012  
        COST     Accumulated
Amortization
    Net  
         

Support Vector Machine (SVM) technology

  108 months   $ 500     $ 56     $ 444  
         

Laboratory developed test (LDT) technology

  164 months   $ 1,482     $ 81     $ 1,401  
         

Flow Cytometry and Cytogenetics technology

  202 months   $ 1,000     $ 45     $ 955  
       

 

 

   

 

 

   

 

 

 
         

Total

      $ 2,982     $ 182     $ 2,800  
       

 

 

   

 

 

   

 

 

 

We recorded approximately $55,000 and $56,000 in straight-line amortization expense of intangibles for the three months ended June 30, 2013 and 2012, respectively, and approximately $111,000 and $70,000 in straight-line amortization expense of intangibles for the six months ended June 30, 2013 and 2012, respectively, as research and development expenses in the consolidated statement of operations. We will record all amortization of intangibles in that category until the time that we have products, services or cost savings directly attributable to these intangible assets that would require that it be recorded in cost of goods sold.

 

The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of June 30, 2013 is as follows (in thousands):

 

         

Year Ending December 31,

     

Remainder of 2013

  $ 112  

2014

    223  

2015

    223  

2016

    223  

2017

    223  

2018

    223  

Thereafter

    1,462  
   

 

 

 

Total

  $ 2,689