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Intangible Assets, Goodwill and Other
3 Months Ended
Oct. 31, 2012
Intangible Assets, Goodwill and Other:  
Goodwill and Intangible Assets Disclosure

In connection with the acquisition of BioCube in October 2010, the Company recorded an intangible asset related to the decontamination unit at its estimated fair value of $27,000. This asset was being amortized over its useful life of nine years on a straight-line basis.

 

By letter dated October 14, 2011, the licensor of the decontamination unit technology notified the Company that the license was terminated for non-payment on that date.  An impairment loss of $24,000 was recorded as a result. Amortization for the quarter ended October 31, 2011 was $750.