XML 48 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill
3 Months Ended
Sep. 30, 2013
Goodwill [Abstract]  
Goodwill

7.Goodwill 

 

The Company had approximately $3,036,000 of goodwill as of September 30, 2013 related to the acquisition of the Prostiva RF Therapy System on September 6, 2011. Goodwill is tested for impairment annually on April 30th or more frequently if changes in circumstance or the occurrence of events suggests an impairment may exist.

As a result of the delisting of our common stock from the NASDAQ exchange at the start of trading on June 7, 2013 and the continued decline of our stock price, we tested goodwill for impairment as of June 30, 2013.  Based on this impairment testing it was determined that there was no impairment of goodwill as the fair value of the reporting unit exceeded its carrying amount as of June 30, 2013.   The Company also concluded that there was no impairment triggering event in the quarter ended September 30, 2013.