Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2013

Intangible assets as of June 30, 2013 and December 31, 2012 consist of the following:

			June 30, 2013								December 31, 2012
	Gross Value		Currency Translation Adjustment			Accumulated Amortization			Net Book Value		Net Book Value		Useful Life
Developed technology	$	16,700,000	$	(1,609,247	)	$	(3,472,667	)	$	11,618,086	$	12,370,042	15
In-process research & development		5,502,686		(512,634	)		-			4,990,052		4,980,574	Indefinite
Distributor relationships		4,700,000		(483,620	)		(2,972,514	)		1,243,866		1,733,453	5
Patents		1,000,000		(96,203	)		(197,640	)		706,157		749,166	16
Elevess trade name		1,000,000		-			(561,275	)		438,725		501,401	9
Total	$	28,902,686	$	(2,701,704	)	$	(7,204,096	)	$	18,996,886	$	20,334,636

Changes in the carrying value of goodwill for the three and six months ended June 30, 2013 were as follows:

	For the three months ended:		For the six months ended:
	June 30,		June 30,
	2013		2013

Balance, beginning	$	8,792,165	$	9,065,891
Effect of foreign currency adjustments		131,032		(142,694	)
Balance, ending	$	8,923,197	$	8,923,197