Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

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

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	$	—

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

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