Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2013
Summary Of Significant Accounting Policies Tables  
Fair Value of Financial Instruments, recurring and nonrecurring basis

The following table presents assets and liabilities that are measured and recognized at fair value as of September 30, 2013 on a recurring and non-recurring basis:

 

Description   Level 1     Level 2     Level 3     Gains (Losses)  
Goodwill (non-recurring)   $ -     $ -     $ 4,175,032     $ -  
Intangibles, net (non-recurring)   $ -     $ -     $ 1,651,692     $ -  
Derivatives (recurring)   $ -     $ -     $ 237,098     $ (3,865,511 )
Earn-out payable (non-recurring)   $ -     $ -     $ 224,000     $ -  

 

The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2012 on a recurring and non-recurring basis:

 

Description   Level 1     Level 2     Level 3     Gains (Losses)  
Goodwill (non-recurring)   $ -     $ -     $ 2,259,624     $ (742,446 )
Intangibles, net (non-recurring)   $ -     $ -     $ 444,112     $ (145,396 )
Derivatives (recurring)   $ -     $ -     $ 3,074,504     $ 359,530