Annual report pursuant to Section 13 and 15(d)

Goodwill and Indefinite-Lived Intangible Assets (Tables)

Goodwill and Indefinite-Lived Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Reconciliation of Change in Carrying Value of Goodwill

A reconciliation of the change in the carrying value of goodwill is as follows:


     December 31,  
     2013      2012  

Balance as of January 1

  $         3,592,073       $ -   

Acquired from acquisitions

    -         3,402,923   

Foreign currency translation

    73,126         189,150   

Balance as of December 31

  $ 3,665,199       $         3,592,073   
Schedule of Change in Fair Value of Indefinite-Lived Intangible Asset

The following table shows the decline in the fair value of OncoHist™ that would result from a 1% increase in the discount rate and a 5% decrease in the expected milestone income:


Indefinite-Lived Intangible Asset   




OncoHist™ change in fair value as of December 31, 2013

   $     (688,000)       $     (826,000)