Intangible Assets

6 Months Ended

Dec. 31, 2014

3.	Intangible Assets

Intangible assets consist of the following based on our determination of the fair value of identifiable assets acquired (see footnote 2):

	December 31, 2014
	Weighted Average Amortization Period (in Years)		Gross Carrying Amount		Accumulated Amortization		Net
Trade names		7	$	30	$	4	$	26
Licenses		7		518		65		453
Customer relationships		3		449		131		318
Device registration		7		205		26		179
Covenants not to compete		5		955		166		789
Clinical protocols				19,870		--		19,870
Total		5.3	$	22,027	$	392	$	21,635

The change in the gross carrying amount is due to the foreign currency exchange fluctuations. Amortization of intangible assets was $113 and $229 for the three and six months ended December 31, 2014. Clinical protocols have not yet been introduced to the market place and are therefore not yet subject to amortization. Our estimated future amortization expense for years ended June 30, is as follows:

Year Ended June 30,

January 1 – June 30, 2015	$	224
2016		448
2017		392
2018		299
2019		227
Thereafter		175
Total	$	1,765