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Allocation Of Purchase Price Summarized (Table)
6 Months Ended
Jun. 30, 2012
Allocation Of Purchase Price Summarized  
Allocation Of Purchase Price Summarized

At the date of acquisition, the determination and allocation of the purchase price is summarized below:

Purchase Price

 

 

 

 

 

 

 

 

Shares of daifu (i)

 

24,497,207

 

 

Fair value per share of daifu (ii)

$

0.0998

 

 

Total Purchase Price

 

 

$

2,445,796

 

 

 

 

 

Allocation of Purchase Price

 

 

 

 

Cash

 

 

$

76,182

Accounts receivable

 

 

 

217

Prepaid expenses

 

 

 

40,209

Accounts payable and accrued liabilities

 

 

 

(56,023)

Convertible promissory note

 

 

 

(2,211,726)

Available-for-sale investments

 

 

 

1,014,664

Property, plant and equipment

 

 

 

101,421

Goodwill

 

 

 

3,480,852

 

 

 

$

2,445,796