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Intangible Assets
9 Months Ended
Sep. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE D — INTANGIBLE ASSETS

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

 

     Weighted
Average
Amortization

Period
   September 30, 2013  
          COST      Accumulated
Amortization
     Net  

Support Vector Machine (SVM) technology

   108 months    $ 500       $ 98       $ 402   

Laboratory developed test (LDT) technology

   164 months    $ 1,482       $ 161       $ 1,321   

Flow Cytometry and Cytogenetics technology

   202 months    $ 1,000       $ 90       $ 910   
     

 

 

    

 

 

    

 

 

 

Total

      $ 2,982       $ 349       $ 2,633   
     

 

 

    

 

 

    

 

 

 

 

     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 $56,000 in straight-line amortization expense of intangibles for the three months ended September 30, 2013 and 2012, and approximately $167,000 and $126,000 in straight-line amortization expense of intangibles for the nine months ended September 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 September 30, 2013 is as follows (in thousands):

 

Year Ending December 31,

      

Remainder of 2013

   $ 56   

2014

     223   

2015

     223   

2016

     223   

2017

     223   

2018

     223   

Thereafter

     1,462   
  

 

 

 

Total

   $ 2,633