Intangible Assets, Net

6 Months Ended

Jun. 30, 2011

Intangible Assets, Net

Intangible Assets, Net

Note 5. Intangible assets, net:

Intangible assets at June 30, 2011 and December 31, 2010 were as follows:

	June 30, 2011						December 31, 2010
	Gross carrying amount		Accumulated amortization		Intangible assets, net		Gross carrying amount		Accumulated amortization		Intangible assets, net
Product licensing rights	$	1,688	$	(853)	$	835	$	1,618	$	(668)	$	950
Product development rights		2,196		-		2,196		1,663		-		1,663
	$	3,884	$	(853)	$	3,031	$	3,281	$	(668)	$	2,613

Movements in intangible assets were due to the following:

	Product licensing rights		Product development rights
December 31, 2010	$	950	$	1,663
Acquisition of product rights		70		533
Amortization of product rights		(185)		-
June 30, 2011	$	835	$	2,196

Amortization expense related to our product licensing rights was $81 for the three months ended June 30, 2011, and $185 for the six months ended June 30, 2011. The weighted-average period prior to the next extension or renewal for the five products comprising our product licensing rights intangible asset was 38 months at June 30, 2011.

We currently estimate amortization expense over each of the next five years as follows:

For the year ending:	Amortization expense
June 30, 2012	$	2,521
June 30, 2013		250
June 30, 2014		122
June 30, 2015		93
June 30, 2016		44