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Goodwill and Amortizable Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill and Amortizable Intangible Assets  
Schedule of changes in the carrying amount of goodwill

 

Balance as of December 31, 2012

 

$

4,038,000

 

Impairment loss

 

(2,590,000

)

Balance as of September 30, 2013

 

$

1,448,000

 

Schedule of the details of intangible assets

 

September 30, 2013

 

 

 

Intangible Asset

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Accumulated
Impairment
Loss

 

Net

 

Weighted
Average
Remaining
Useful Life
(in years)

 

Developed Technology

 

$

6,426,000

 

$

(1,260,429

)

$

(5,038,100

)

$

127,471

 

4.9

 

In-Process Technology

 

90,000

 

 

(90,000

)

 

 

Customer Relationships

 

3,972,000

 

(649,326

)

(1,786,673

)

1,536,001

 

7.9

 

Trade Name

 

90,000

 

(90,000

)

 

 

 

Internal-use software

 

726,000

 

(1,210

)

 

724,790

 

4.9

 

Acquired Patents

 

1,100,000

 

(751,666

)

 

348,334

 

1.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

12,404,000

 

$

(2,752,631

)

$

(6,914,773

)

$

2,736,596

 

 

 

 

December 31, 2012

 

Intangible Asset

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Accumulated
Impairment
Loss

 

Net

 

Weighted
Average
Remaining
Useful Life
(in years)

 

Developed Technology

 

$

6,426,000

 

$

(1,167,900

)

$

(3,423,100

)

$

1,835,000

 

5.8

 

In-Process Technology

 

90,000

 

 

(90,000

)

 

 

Customer Relationships

 

3,972,000

 

(505,327

)

(1,786,673

)

1,680,000

 

8.8

 

Trade Name

 

90,000

 

(90,000

)

 

 

 

Acquired Patents

 

1,100,000

 

(586,667

)

 

513,333

 

2.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,678,000

 

$

(2,349,894

)

$

(5,299,773

)

$

4,028,333

 

 

 

Summary of estimated amortization expense for intangible assets

The estimated amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):

 

Period 

 

Estimated
Amortization
Expense

 

Remainder of 2013

 

$

146

 

2014

 

583

 

2015

 

436

 

2016

 

363

 

2017

 

363

 

Thereafter

 

846

 

Total

 

$

2,737