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Preliminary Assignment of Aggregate Consideration (Detail)
3 Months Ended 0 Months Ended
Mar. 31, 2014
USD ($)
Mar. 31, 2014
Vapestick
USD ($)
Jan. 09, 2014
Subsequent Event
Vapestick
USD ($)
Jan. 09, 2014
Subsequent Event
Vapestick
GBP (£)
Estimated Fair Value of Consideration Transferred        
Cash   $ 5,804,240 $ 5,746,965 £ 3,500,000
Issuance of shares of common stock   48,974,558 47,718,321  
Total   54,778,798 53,465,286  
Assets Acquired and Liabilities Assumed        
Cash   136,165 99,353  
Accounts receivable   212,331 229,007  
Inventory   234,656 234,656  
Prepaids and other current assets   100,548 120,683  
Furniture and equipment   47,772 47,772  
Tradename   4,098,000 7,814,000  
Customer Relationships   6,591,000 2,923,000  
Accounts payable and accrued expenses   (221,210) (149,814)  
Revolving line of credit   (330,322) (320,848)  
Long-term debt   (45,577) (55,051)  
Other liabilities   (72,994) (114,777)  
Total identifiable net assets   10,750,369 10,827,981  
Goodwill 101,999,227 44,028,429 42,637,305  
Total fair value of consideration   $ 54,778,798 $ 53,465,286