XML 37 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisition of Surgical Biologics, LLC (Details) (USD $)
0 Months Ended 1 Months Ended 12 Months Ended
Jan. 05, 2011
Jul. 31, 2012
Apr. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Business Acquisition [Line Items]          
Cash Paid $ 500,000        
Convertible secured promissory note 1,250,000        
Convertible Promissory Notes, interest rate (in hundredths) 4.00%        
Common Stock valued 7,087,500 893,267      
Common Stock issued (in shares) 5,250,000   2,632,576    
Value of shares issued (in dollars per share) $ 1.35        
Common stock held in escrow (in shares) 525,000        
Convertible Promissory Note, conversion price (in dollars per share)       $ 1.00  
Convertible promissory note, stock price trigger (in dollars per share)       $ 1.75  
Number of consecutive trading days       20 days  
Maturity period of convertible promissory notes       18 months  
Repayments of Convertible Debt   177,000   427,126 0
Accrued Earn Out [Roll Forward]          
Beginning balance at beginning period       7,410,503 0
Valuation at acquisition date 7,404,700       0
Remeasurement adjustments       1,567,050 5,803
Common stock issued for earn-out liability       (3,185,223) 0
Ending balance at ending period       5,792,330 7,410,503
Actual purchase price allocated [Abstract]          
Value of 5,250,000 shares issued at $1.35 per share 7,087,500        
Cash paid at closing 350,000        
Cash retained for working capital 150,000        
Assumed Debt 182,777        
Convertible Secured Promissory Note 1,250,000        
Fair value of earn-out 7,404,700        
Total fair value of purchase price 16,424,977        
Tangible assets [Abstract]          
Debt-free working capital 671,880        
Other assets, net 385        
Property, plant and equipment 72,866        
Tangible assets purchased 745,131        
Acquired Indefinite-lived Intangible Assets [Line Items]          
Total acquired intangible assets 12,497,000        
Goodwill 3,182,846        
Total Assets Purchased 16,424,977        
Working capital [Abstract]          
Cash 33,583        
Prepaid Expenses 2,738        
Accounts Receivable 181,087        
License Receivable 340,000        
Inventory 347,106        
Accounts payable and accrued expenses (196,101)        
Deferred rent and customer deposits (36,533)        
Debt-free working capital 671,880        
Current portion of debt (62,590)        
Long-term debt (21,187)        
Line of credit (99,000)        
Net working capital 489,103        
Deposits 16,582        
Deferred rent (non-current) (16,197)        
Deposits net of deferred rent (non-current) 385        
Trade names and trademarks [Member]
         
Acquired Indefinite-lived Intangible Assets [Line Items]          
Acquired intangible asset 1,008,000        
Estimated useful life (in years)       indefinite  
In-process research and development - liquid [Member]
         
Acquired Indefinite-lived Intangible Assets [Line Items]          
Acquired intangible asset 2,160,000        
Estimated useful life (in years)       indefinite [1]  
In-process research and development - other [Member]
         
Acquired Indefinite-lived Intangible Assets [Line Items]          
Acquired intangible asset 25,000        
Estimated useful life (in years)       indefinite  
Customer Relationships [Member]
         
Acquired Finite-Lived Intangible Assets [Line Items]          
Acquired intangible assets 3,520,000        
Estimated useful life (in years)       14 years  
Supplier Relationships [Member]
         
Acquired Finite-Lived Intangible Assets [Line Items]          
Acquired intangible assets 241,000        
Estimated useful life (in years)       14 years  
Patents and Know-How [Member]
         
Acquired Finite-Lived Intangible Assets [Line Items]          
Acquired intangible assets 5,530,000        
Estimated useful life (in years)       14 years  
Licenses and Permits [Member]
         
Acquired Finite-Lived Intangible Assets [Line Items]          
Acquired intangible assets $ 13,000        
Estimated useful life (in years)       3 years  
[1] AmnioFix injectable was launched in 2012 with amortization recorded over its expected useful life.