| Components of Intangible Assets |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
(Unaudited)
September 30, 2012
|
|
| |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
|
Patents
|
|
$ |
267,904 |
|
|
$ |
(100,921 |
) |
|
$ |
166,983 |
|
|
Trademarks
|
|
|
880,000 |
|
|
|
(228,629 |
) |
|
|
651,371 |
|
|
Customer relationships
|
|
|
1,010,000 |
|
|
|
(446,083 |
) |
|
|
563,917 |
|
|
Product certification and licensing costs
|
|
|
61,017 |
|
|
|
(24,447 |
) |
|
|
36,570 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
2,218,921 |
|
|
$ |
(800,080 |
) |
|
$ |
1,418,841 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2011 |
|
| |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
|
Patents
|
|
$ |
1,286,437 |
|
|
$ |
(197,803 |
) |
|
$ |
1,088,634 |
|
|
Trademarks
|
|
|
908,998 |
|
|
|
(192,461 |
) |
|
|
716,537 |
|
|
Customer relationships
|
|
|
1,010,000 |
|
|
|
(370,333 |
) |
|
|
639,667 |
|
|
Non-compete agreement
|
|
|
60,000 |
|
|
|
(55,000 |
) |
|
|
5,000 |
|
|
Product certification and licensing costs
|
|
|
158,024 |
|
|
|
(63,893 |
) |
|
|
94,131 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
3,423,459 |
|
|
$ |
(879,490 |
) |
|
$ |
2,543,969 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Estimated annual amortization expense |
Remaining estimated annual amortization expense is as follows:
| |
|
|
|
|
|
Year Ending December 31:
|
|
|
|
|
|
2012
|
|
$ |
49,082 |
|
|
2013
|
|
|
192,383 |
|
|
2014
|
|
|
186,659 |
|
|
2015
|
|
|
180,381 |
|
|
2016
|
|
|
175,980 |
|
|
Thereafter
|
|
|
634,356 |
|
| |
|
|
|
|
| |
|
$ |
1,418,841 |
|
| |
|
|
|
|
|
| Components of Intangible Assets |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount Prior to
Impairment |
|
|
Impairment
Recognized |
|
|
Net Carrying
Amount
at
June 30, 2012
|
|
|
Patents
|
|
$ |
1,073,188 |
|
|
$ |
(138,851 |
) |
|
$ |
934,337 |
|
|
$ |
(934,337 |
) |
|
$ |
— |
|
|
Trademarks
|
|
|
28,998 |
|
|
|
(3,509 |
) |
|
|
25,489 |
|
|
|
(25,489 |
) |
|
|
— |
|
|
Product certification and licensing costs
|
|
|
125,427 |
|
|
|
(70,118 |
) |
|
|
55,309 |
|
|
|
(55,309 |
) |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
1,227,613 |
|
|
$ |
(212,478 |
) |
|
$ |
1,015,135 |
|
|
$ |
(1,015,135 |
) |
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|