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Intangibles
 6 Months Ended
Sep. 30, 2012
Intangibles  
Intangibles

Note 4 — Intangibles

 

On September 30, 2011, we entered into a license agreement with Photonic Biosystems, Inc. for certain biological indicator technology.  Under the terms of this agreement, we paid $175,000 for rights to the technology, and up to $225,000 of additional payments may be made in the future, depending on meeting certain development and performance milestones.  The $175,000, included in intangible assets on the accompanying condensed balance sheet as of September 30, 2012 is being amortized over ten years.  In addition, sales of products that may result from this license agreement will be subject to royalty payments.