Intangible Assets

12 Months Ended

Dec. 31, 2011

Intangible Assets [Abstract]

Intangible Assets

Note 9. Intangible Assets

Intangible assets consisted of the following at December 31, 2011 and December 31, 2010:

	December 31, 2011		December 31, 2010
Indefinite-lived intangibles:
In process research and development	E	2,266	E	2,266
Definite-lived intangibles:
License contract	E	--	E	2,694
Less accumulated amortization		--		(337	)
		--		2,357
Other intangibles, net	E	2,266	E	4,624

During the year ended December 31, 2011, the license contract has been returned to Mymetics and therefore it has been fully impaired and written off.

Amortization of intangibles amounting to E144 and E193 has been recorded during the years ended December 31, 2011 and 2010, respectively.