3. Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Basis Of Presentation And Significant Accounting Policies Tables

Property and Equipment useful lives

Equipment	3 – 5 years
Furniture and fixtures	5 years
Software	3 years
Leasehold improvements	Lesser of lease term or life of improvements

Goodwill and intangible assets

	December 31,
	2012		2011
Licensing rights for events	$	–	$	350,500
Goodwill for ProElite		1,935,621		1,935,621
Goodwill for Stratus Rewards		–		1,073,345
Total intangible assets and goodwill	$	1,935,621	$	3,359,466