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Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2012
Goodwill and Other Intangible Assets [Abstract]  
Purchase price allocated
                 
    Allocated purchase
Price		     Estimated life of
intangible assets
in years		  

Net tangible assets

   $ 36,000          

Intangible assets:

                

Customer relationships and developed technology

     1,310,000       6 to 9  

In-process research and development

     1,340,000       N/A  

Trade name

     310,000       15  

Goodwill

     2,139,000       N/A  
   

 

 

          

Total

   $ 5,135,000          
   

 

 

          
Changes in goodwill
         

Balance as of December 31, 2011

   $  1,895,000  

Foreign currency translation

     72,570  
   

 

 

  

Balance as of September 30, 2012

   $ 1,967,570  
   

 

 

  
Components of other intangible assets
                                         

Other Intangible Asset Class

   Cost     Impairment     Accumulated
Amortization		     Foreign Currency
Translation		     Net Carrying
Amount		  

Customer relationships and developed technology

   $ 1,310,000     $ —       $ (647,222 )    $ 146,820     $ 809,598  

In-process research and development

     1,340,000       (654,961 )      (270,687 )      131,710       546,062  

Trade name

     310,000       —         (79,716 )      35,936       266,220  

Patents

     979,612       —         (724,516 )      —         255,096  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total other intangible assets

   $ 3,939,612     $ (654,961 )    $ (1,722,141 )    $ 314,466     $ 1,876,976  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Expected future annual amortization expense
         

For the year ending December 31:

        

2013

   $ 267,000  

2014

   $ 267,000  

2015

   $ 266,000  

2016

   $ 261,000  

2017

   $ 238,000