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Note 6 - Intangible Assets
3 Months Ended
Mar. 31, 2014
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]

Note 6—Intangible Assets


 The value of the Company’s intangible assets is summarized below:


   

Bertilimumab

iCo

   

NanomAbs Yissum

   

Human Antibodies

Kadouche

   

Anti-ferritin Antibody

MabLife

   

Total

 

Balance as of December 31, 2012

  $ 2,254     $ 613     $ 615     $ 414     $ 3,896  

Additions

                             

Amortization

    (167

)

    (46

)

    (47

)

    (29

)

    (289

)

Balance, December 31, 2013

  $ 2,087     $ 567     $ 568     $ 385     $ 3,607  

Additions (see Note 8 (5))

                      111       111  

Amortization

    (42

)

    (11

)

    (12

)

    (9

)

    (74

)

Balance, March 31, 2014

  $ 2,045     $ 556     $ 556     $ 487     $ 3,644  

The Company’s intangible assets were determined by management to have a useful life of between seven and fifteen years. Amortization expense amounted to $74 and $71 for the three month period ended March 31, 2014 and 2013 and to $806 for the cumulative period from Inception through March 31, 2014.


Estimated amortization expense for each of the five succeeding years, based upon intangible assets owned at March 31, 2014 is as follows:


Period Ending

    Amount  

2014

  $ 229  

2015

    305  

2016

    305  

2017

    305  

2018 and thereafter

    2,500  

Total

  $ 3,644