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Acquisition
3 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block]

8.  Acquisition

 

Effective July 18, 2012, the Company acquired a 49% interest of Mabwe Minerals Zimbabwe (PVT) LTD (MAB-Z) for 25,000 shares of Series B Convertible Preferred Stock of Raptor Resources Holdings Inc. The value of this transaction was $25,000. Management performed an evaluation of the goodwill at December 31, 2012, and determined that no impairment adjustment was necessary at this time.

  

MAB – Z was essentially a newly formed entity. The $25,000 was recorded as Goodwill.

 

Net Assets Purchased      
  Goodwill   $ 25,000  
           
Purchase Price   $ 25,000