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