Acquisitions (Details Narrative) (USD $)
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Jun. 30, 2013
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Sequence [Member]
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Purchase price | |
Cash | $ 300,000 |
Shares of common stock | 750,000 |
Common stock | 183,750 |
Earn-out rate | 10.00% |
Earn-out payable | 224,000 |
Front Door [Member]
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Purchase price | |
Cash | 100,000 |
Promissory note, net | 1,365,096 |
Discount on note payable | 34,904 |
Shares of common stock | 7,000,000 |
Promissory note | 1,400,000 |
Common stock | $ 1,034,310 |
Shares held in escrow | 1,750,000 |
Shares held in escrow rate of agreement | 25.00% |
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No authoritative reference available. No definition available.
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Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair Value of the liabilities incurred by the acquirer to former owners of the acquiree, including the fair value of any contingent consideration. If liabilities transferred as consideration remain within the combined entity after the business combination (for example, because the assets or liabilities were transferred to the acquiree rather than to its former owners), and the acquirer therefore retains control of them; in that situation, the acquirer measures those liabilities at their carrying amounts immediately before the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair value of noncash consideration given by the acquirer to acquire the entity. Does not include cash paid, the fair value of debt and securities issued and liabilities incurred to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of acquisition cost of a business combination allocated to notes payables and long-term debt assumed from the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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