Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill and Other Intangible Assets [Abstract]

Goodwill Acquired

As part of the purchase price allocation for the reverse acquisition, the Company recorded goodwill in the amount of $24,005 and definite-lived intangibles in the amount of $12,000. Goodwill reflects the value or premium of the acquisition price in excess of the fair values assigned to specific tangible and intangible assets. Goodwill has an indefinite useful life and therefore is not amortized as an expense, but is reviewed annually for impairment of its fair value to the Company. The purchase price intrinsically recognizes the benefits of the broadened depth of the management team and the addition of a sizeable direct sales force creating greater access to the physician community with branded products and technologies. Furthermore, the purchase price paid by Radiancy, Inc., a private company includes, among other things, other benefits such as the intrinsic value of being a Nasdaq-listed issuer post-merger and now having access to capital markets and stockholder liquidity.

Balance at January 1, 2014	$	24,930
Translation differences		137
Balance at March 31, 2014	$	25,067

Other Definite-lived Intangible Assets

Set forth below is a detailed listing of other definite-lived intangible assets:

	March 31, 2014									December 31, 2013
	(unaudited)
	Trademarks			Customer Relationships			Total			Trademarks			Customer Relationships			Total
Gross Amount beginning of period	$	5,772		$	6,417		$	12,189		$	5,744		$	6,372		$	12,116
Translation differences		12			20			32			28			45			73
Gross Amount end of period		5,784			6,437			12,221			5,772			6,417			12,189
Accumulated amortization		(1,326	)		(1,474	)		(2,800	)		(1,178	)		(1,310	)		(2,488	)
Net Book Value	$	4,458		$	4,963		$	9,421		$	4,594		$	5,107		$	9,701

Estimated Amortization Expense for Amortizable Intangible Assets

Estimated amortization expense for the above amortizable intangible assets for the next five years is as follows:

Last nine months of 2014	$	900
2015		1,200
2016		1,200
2017		1,200
2018		1,200
Thereafter		3,721
Total	$	9,421