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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract] |
Purchase Price Allocated | At April 1, 2009, the purchase price was 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 2014:
Balance as of December 31, 2013 |  | $ | 2,139,294 |
Net deferred tax liability related to indefinite lived IPR&D |  |  | (110,735 | )
Foreign currency translation |  |  | (118,497 | )
Impairment |  |  | (1,910,062 | )
Balance as of December 31, 2014 |  | $ | — |
Components of Other Intangible Assets | The components of our other intangible assets at December 31, 2014 are summarized below:
Other Intangible Asset Class |  | Cost |  |  | Accumulated Amortization |  |  | Proceeds from sale |  |  | Foreign Currency Translation |  |  | Write Off/ Impairment |  |  | Net Carrying Amount |  |  | Weighted- Average Amortization Period |
Related to SC Proven product line |  | $ | 1,620,000 |  |  | $ | (1,200,186 | ) |  | $ | (400,000 | ) |  | $ | 167,038 |  |  | $ | (186,852 | ) |  | $ | — |  |  |  | 8.0 years |
In-process research and development |  |  | 1,340,000 |  |  |  | (270,687 | ) |  |  | — |  |  |  | 115,748 |  |  |  | (1,185,061 | ) |  |  | — |  |  |  | Indefinite |
Patents |  |  | 1,243,612 |  |  |  | (886,723 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 356,889 |  |  |  | 17.0 years |
Total other intangible assets |  | $ | 4,203,612 |  |  | $ | (2,357,596 | ) |  | $ | (400,000 | ) |  | $ | 282,786 |  |  | $ | (1,371,913 | ) |  | $ | 356,889 |  |  |  | 11.9 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: |  |  |  |
2015 |  | $ | 83,265 |
2016 |  | $ | 75,496 |
2017 |  | $ | 54,923 |
2018 |  | $ | 27,978 |
2019 |  | $ | 27,978 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
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