XML 51 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 11 - Purchase and Sale of Interest in Subsidiaries
6 Months Ended
Jun. 30, 2012
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
11.           Purchase and Sale of Interest in Subsidiaries

In May 2012, the Company finalized the purchase of 51% ownership in Business Ideas Provider GRUP SRL (BIP), a Romanian limited liability company in Bucharest, Romania for $60,000.  The fair market value of the stock purchased was approximately $79,000; therefore the Company recorded a gain of $19,000 on the acquisition.

In May 2012, the Company completed the sale of its 51% interest in its other subsidiary in Romania, SPAR CITY S.R.L. to that subsidiary’s local investor at 51% of its equity value for approximately $126,000.