Quarterly report pursuant to Section 13 or 15(d)

4. ACQUISITION OF ASSETS OF PHYTOSPHERE SYSTEMS (Details-Intangible assets)

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4. ACQUISITION OF ASSETS OF PHYTOSPHERE SYSTEMS (Details-Intangible assets) (USD $)
Jun. 30, 2013
Total intangible assets, acquired $ 4,110,000
Accumulated amortization 342,500
Intangible assets, net 3,767,500
Vendor relationships
 
Total intangible assets, acquired 1,170,000
Accumulated amortization 97,500
Intangible assets, net 1,072,500
Trade name
 
Total intangible assets, acquired 230,000
Accumulated amortization 19,167
Intangible assets, net 210,833
Noncompete Agreement
 
Total intangible assets, acquired 2,710,000
Accumulated amortization 225,833
Intangible assets, net $ 2,484,167