Annual report pursuant to Section 13 and 15(d)

5. ACQUISITION OF ASSETS OF PHYTOSPHERE SYSTEMS, LLC (Details-Allocation of purchase price)

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5. ACQUISITION OF ASSETS OF PHYTOSPHERE SYSTEMS, LLC (Details-Allocation of purchase price) (USD $)
Dec. 31, 2013
Dec. 31, 2012
Assets acquired    
Cash $ 50,775  
Accounts receivable 396,438 0
Inventory 345,477 0
Prepaid inventory 1,260,510 0
Fixed assets, net 1,288 0
Total tangible assets 2,054,488  
Identifiable intangible assets    
Total identifiable intangible assets 4,110,000  
Unidentifiable intangible assets    
Goodwill residual estimate 1,855,512 0
Total assets acquired from PhytoSPHERE 8,020,000  
Vendor relationships
   
Identifiable intangible assets    
Total identifiable intangible assets 1,170,000  
Trade name
   
Identifiable intangible assets    
Total identifiable intangible assets 230,000  
Noncompete agreement
   
Identifiable intangible assets    
Total identifiable intangible assets $ 2,710,000