Licenses, Patents, and Technology

6 Months Ended

Jun. 30, 2011

Licenses, Patents, and Technology

Note 5. Licenses, Patents, and Technology

Licenses, patents, and technology include the following:

	June 30,			December 31,
	2011			2010
	(unaudited)
Licenses	$	320		$	320
Patent costs		133			133
LabCorp Technology Agreement		260			260
		713			713
Less accumulated amortization		(701	)		(651	)
Total	$	12		$	62

 

During 2008, the Company purchased a license for certain technology for an initial total of $200,000.  In addition, the Company is obligated to make future payments totaling $100,000 upon obtaining certain milestones under the agreement. As of June 30, 2011, the Company owed $64,000 on this liability. The Company amortized the initial license over its estimated useful life of two years, and is amortizing the additional payments over one year.  All patent costs and technology have been fully amortized.