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4. ACQUISITION OF ASSETS OF PHYTOSHPERE SYSTEMS (Details-Price allocation) (USD $)
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Jun. 30, 2013
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| Tangible assets | |
| Cash | $ 50,775 |
| Accounts receivable | 396,438 |
| Inventory | 345,477 |
| Prepaid inventory | 1,260,510 |
| Fixed assets, net | 1,288 |
| Total tangible assets | 2,054,488 |
| Identifiable intangible assets | |
| Vendor relationships | 1,170,000 |
| Trade name | 230,000 |
| Noncompete agreement – PhytoSPHERE Team | 2,710,000 |
| Total identifiable intangible assets | 4,110,000 |
| Unidentifiable intangible assets | |
| Goodwill residual estimate | 1,855,512 |
| Total assets acquired from PhytoSPHERE | $ 8,020,000 |
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- Definition
Amount of intangible assets, excluding goodwill, acquired at the acquisition date No definition available.
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- Definition
Amount of intangible assets, excluding goodwill, acquired at the acquisition date No definition available.
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- Details
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- Details
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- Definition
Amount of assets acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of intangible assets, excluding goodwill, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of inventory recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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