3. INTANGIBLE ASSETS AND GOODWILL (Tables)

4 Months Ended

Dec. 31, 2012

Intangible Assets And Goodwill Tables

Summary of intangibles acquired

		December 31,		August 31,
		2012		2012		2011
Intangible asset (IP license for RP103) related to the Encode merger	$	2,620	$	2,620	$	2,620
Intangible assets (out-license) related to the 2009 Merger		240		240		240
In-process research and development (IP license for tezampanel/NGX426) related to the 2009 Merger (written off on 8/31/12)		0		0		900
Total intangible assets		2,860		2,860		3,760
Less accumulated amortization		(704)		(655)		(509)
Intangible assets, net	$	2,156	$	2,205	$	3,251

Actual and estimated amortization expense for intangible assets

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		153
	Fiscal year ending August 31, 2012 – actual		146
	Four months ended December 31, 2012 -- actual		49
	Fiscal year ending December 31, 2013 – estimate		146
	Fiscal year ending December 31, 2014 – estimate		146
	Fiscal year ending December 31, 2015 – estimate		146
	Fiscal year ending December 31, 2016 – estimate		146
	Fiscal year ending December 31, 2017 – estimate		146