5. ACQUISITION OF ASSETS OF PHYTOSPHERE SYSTEMS, LLC (Details-Intangible assets) (USD $)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Intangible assets | $ 4,110,000 | |
Accumulated amortization | 753,500 | |
Net | 3,356,500 | 0 |
Vendor relationships
|
||
Intangible assets | 1,170,000 | |
Accumulated amortization | 214,500 | |
Net | 955,500 | |
Trade name
|
||
Intangible assets | 230,000 | |
Accumulated amortization | 42,167 | |
Net | 187,833 | |
Noncompete agreement
|
||
Intangible assets | 2,710,000 | |
Accumulated amortization | 496,833 | |
Net | $ 2,213,167 |