XML 41 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Patents
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents

3. Patents

The Company performs intangible asset impairment analysis at least annually in accordance with the relevant accounting guidance. The Company periodically reassesses the lives of its patents and tests for impairment in order to determine whether the book value of each patent exceeds the fair value of each patent. Fair value is determined by estimating future cash flows from the products that are and will be protected by the patents and taking into account the factors listed in Critical Accounting Policies in the Company's Annual Report on Form 10-K.

Management completed an analysis of the Company's patents as of December 31, 2012. Based on that analysis, the Company concluded that no impairment of the carrying value of the patents existed. The Company believes that no events or circumstances occurred or changed during the three and six months ended June 30, 2013, and therefore concluded that no impairment in the carrying values of the patents existed at June 30, 2013.

Amortization of patent costs was $91 and $183 for the three and six-month periods ended June 30, 2013 and $91 and $184 for the three and six month periods ended June 30, 2012, respectively.

Intangible Assets

The following table summarizes intangible assets:

Amortizable intangible assets:June 30, 2013December 31, 2012
Carrying
Amount
Accumulated
Amortization
Carrying
Amount
Accumulative
Amortization
Patents
$
6,746
$
(5,274)
$
6,746
$
(5,091)