Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2012

Intangible Assets and Goodwill

Schedule of intangible assets by category

	Gross				Intangible		Weighted
	Carrying		Accumulated		Assets,		Average
June 30, 2012	Value		Amortization		Net		Life (Years)
Amortizable intangible assets:
Acquired developed product rights	$	2,186,000	$	(732,803)	$	1,453,197	11.9
Technology	333,333		(16,069)		317,264		7.0
Licenses	64,250		(8,026)		56,224		16.8
Other	41,376		(12,359)		29,017		8.8
	2,624,959		(769,257)		1,855,702		11.3
Non-amortized intangible assets:
Acquired IPR&D product rights	1,410,248		-		1,410,248
Total intangible assets	$	4,035,207	$	(769,257)	$	3,265,950

	Gross				Intangible		Weighted
	Carrying		Accumulated		Assets,		Average
December 31, 2011	Value		Amortization		Net		Life (Years)
Amortizable intangible assets:
Acquired developed product rights	$	2,186,000	$	(666,142)	$	1,519,858	11.9
Technology	2,534		(190)		2,344		10.0
Licenses	64,250		(6,108)		58,142		16.8
Other	40,600		(10,246)		30,354		8.8
	2,293,384		(682,686)		1,610,698		11.9
Non-amortized intangible assets:
Acquired IPR&D product rights	1,234,000		-		1,234,000
Total intangible assets	$	3,527,384	$	(682,686)	$	2,844,698

Schedule of changes in carrying value of goodwill

Balance at December 31, 2011	$	1,887,220
Acquisition of Avila (see Note 3)	153,989
Tax benefit on the exercise of Pharmion converted stock options	(429)
Balance at June 30, 2012	$	2,040,780