INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Aug. 31, 2012

INTANGIBLE ASSETS AND GOODWILL [Abstract]

Summary of intangibles acquired

Summary of intangibles acquired as discussed above:

	August 31,
	2012			2011
Intangible asset (IP license for RP103/RP104) related to the Encode merger	$	2,620		$	2,620
Intangible asset related to NeuroTrans TM purchase from BioMarin (written off on 8/31/11)		0			0
Intangible assets (out-license) related to the 2009 Merger		240			240
In-process research and development (IP license for tezampanel/NGX426) related to the 2009 Merger (written off on 8/31/12)		0			900
Total intangible assets		2,860			3,760
Less accumulated amortization		(655	)		(509	)
Intangible assets, net	$	2,205		$	3,251

Actual and estimated amortization expense for intangible assets

The following table summarizes the actual and estimated amortization expense for intangible assets for the periods indicated:

Amortization period	Amortization expense
September 8, 2005 (inception) to August 31, 2006 – actual	$	4
Fiscal year ended August 31, 2007 – actual		8
Fiscal year ended August 31, 2008 – actual		95
Fiscal year ended August 31, 2009 – actual		139
Fiscal year ended August 31, 2010 – actual		152
Fiscal year ending  August 31, 2011 – actual		154
Fiscal year ending  August 31, 2012 – actual		146
Fiscal year ending  August 31, 2013 – estimate		146
Fiscal year ending  August 31, 2014 – estimate		146
Fiscal year ending  August 31, 2015 – estimate		146
Fiscal year ending  August 31, 2016 – estimate		146
Fiscal year ending  August 31, 2017 – estimate		146