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ACQUISITION (Tables)
12 Months Ended
Dec. 31, 2012
Business Combinations [Abstract]  
Schedule Of Intangible Assets, Valuation Approach
The following intangible assets were each valued separately using valuation approaches most appropriate for each specific asset.
Acquired technology
Relief from Royalty Method
Tradenames
Relief from Royalty Method
Customer relationships
Multi-Period Excess Earnings Method
Covenants not to compete
With and Without Method
Patents
Relief from Royalty Method
Schedule of Purchase Price Allocation
The following table summarizes the consideration for the acquired assets and liabilities assumed at the acquisition date.
 
 
 
Consideration
Dollars in Thousands
Cash
$
6,000

Notes payable
9,628

Assumed liabilities
452

Contingent liabilities
2,736

Fair value of consideration transferred
$
18,816

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Acquisition related costs included in selling, general and administrative expenses in our Statement of Operations for the year ended December 31, 2010 were $0.8 million. We incurred $0.2 million in acquisition related costs to issue Series A Preferred Stock which were recorded against the proceeds received upon the issuance of such Series A Preferred Stock.
 
 
 
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed
Dollars in Thousands
Working capital, net
$
3,222

Property and Equipment
639

Identifiable intangible assets
8,680

 
 
Total identifiable net assets
12,541

Goodwill
6,275

 
 
Total purchase price
$
18,816

 
 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The intangible assets were each valued separately using valuation approaches most appropriate for each specific asset.

 
 
 
Intangibles—acquired technology
 
Income Approach - Multi-period Excess Earnings Method
Intangibles—third party payor relationships
 
Cost Approach - Replacement Cost Method
Intangibles—assay royalties
 
Income Approach - Multi-period Excess Earnings Method
Intangibles—tradenames and trademarks
 
Income Approach - Relief from Royalty Method
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments
 The following table sets forth the pro-forma revenue and earnings of the combined entity if the acquisition had occurred as of the beginning of our prior fiscal year. No revenue or net income was included in our actual results for the year ended December 31, 2010 or 2009. These pro-forma amounts do not purport to be indicative of the actual results that would have been obtained had the acquisition occurred at that time.
 
 
 
Dollars in  Thousands
 
 
Year Ended  December 31,
 
 
2010
Revenue—Supplemental pro-forma results
 
$
33,733

Net loss—Supplemental pro-forma results
 
(7,716
)