Acquisitions (Details Narrative) (USD $)
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3 Months Ended |
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Sep. 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 | 1,112,310 |
Shares held in escrow | 1,750,000 |
Shares held in escrow rate of agreement | 25.00% |
Liabilities assumed with asset purchase agreement | 46,219 |
Increase in paid-in capital | 78,000 |
Reduction in goodwill | $ 38,667 |
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Represents increases or decreases in additional paid in capital not separately disclosed. 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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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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Change in the carrying value of goodwill. The change could be the result of new goodwill acquired, goodwill impairment, if any, goodwill written off related to the sale of a business or other adjustments to goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of liabilities that an entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition that are not presented as a separate disclosure or otherwise listed in the existing taxonomy. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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