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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2012
Goodwill and Other Intangible Assets [Abstract]  
Purchase price allocated

At April 1, 2009, the purchase price has been allocated as follows:

 

                 
    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

The following table represents changes in goodwill in 2012:

 

         

Balance as of December 31, 2011

   $ 1,895,000  

Foreign currency translation

     88,426  
   

 

 

  

Balance as of December 31, 2012

   $ 1,983,426  
   

 

 

  
Components of other intangible assets

The components of our other intangible assets at December 31, 2012 are summarized below:

 

                                                 

Other Intangible Asset Class

   Cost     Impairment     Accumulated
Amortization		     Foreign Currency
Translation		     Net Carrying
Amount		     Weighted-
Average
Amortization
Period		  

Customer relationships and developed technology

   $ 1,310,000     $ —       $ (694,202 )    $ 152,962     $ 768,760       8.0 years  

In-process research and development

     1,340,000       (654,961 )      (270,687 )      136,110       550,462       Indefinite  

Trade name

     310,000       —         (85,500 )      38,036       262,536       15.0 years  

Patents

     979,612       —         (738,466 )      —         241,146       17.0 years  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total other intangible assets

   $ 3,939,612     $ (654,961 )    $ (1,788,855 )    $ 327,108     $ 1,822,904       12.3 years  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Expected future annual amortization expense

The expected future annual amortization expense for each of the next five years based on current balances of our intangible assets is as follows:

 

         

For the year ending December 31:

        

2013

   $ 268,585  

2014

   $ 268,374  

2015

   $ 268,069  

2016

   $ 262,479  

2017

   $ 239,728