XML 14 R54.htm IDEA: XBRL DOCUMENT v2.4.1.9
5. ACQUISITIONS (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Assets Acquired and Liabilities Assumed    
Goodwill $ 56,658,457us-gaap_Goodwill   
Vapestick    
Fair Value of Consideration Transferred    
Cash 5,804,240us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Issuance of shares of common stock 48,974,558us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Total 54,778,798us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Assets Acquired and Liabilities Assumed    
Cash 136,165us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Accounts receivable, net 212,331us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Inventory 234,656us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Prepaids and other current assets 100,548us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Furniture and equipment 47,772us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Tradename 6,591,000ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTradename
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Customer Relationships 4,098,000ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCustomerRelationships
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Accounts payable and accrued expenses (221,210)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Revolving line of credit (330,322)ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesRevolvingLineOfCredit
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Long-term debt (45,577)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Deferred tax liability (2,513,440)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Other liabilitities (72,994)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Total identifiable net assets 8,236,929us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Goodwill 46,541,869us-gaap_Goodwill
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
Total fair value of consideration 54,778,798us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_VapestickMember
 
FIN Electronic Cigarette    
Fair Value of Consideration Transferred    
Cash 10,000,000us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Issuance of shares of common stock 108,600,000us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Short term promissory note 15,000,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Total 133,600,000us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Assets Acquired and Liabilities Assumed    
Cash 177,786us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Accounts receivable, net 1,730,151us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Inventory 18,045,580us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Prepaids and other current assets 990,289us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Furniture and equipment 1,230,774us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Tradename 20,375,000ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTradename
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Customer Relationships 47,280,000ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCustomerRelationships
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Accounts payable and accrued expenses (2,484,203)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Deferred tax liability (25,441,968)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Other liabilitities (11,134,042)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Total identifiable net assets 50,769,367us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Goodwill 82,830,633us-gaap_Goodwill
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Total fair value of consideration 133,600,000us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_ElectronicCigaretteMember
 
Must Have Limited    
Fair Value of Consideration Transferred    
Cash 20,396,767us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Issuance of shares of common stock 15,525,000us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Contingent earn-out 5,000,000ECIGD_ContingentEarnout
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Short term promissory note 11,000,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Total 51,921,767us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Assets Acquired and Liabilities Assumed    
Cash 14,698,409us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Accounts receivable, net 426,243us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Inventory 2,379,159us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Prepaids and other current assets 1,315,212us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Furniture and equipment 249,863us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Tradename 11,025,000ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTradename
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Customer Relationships 13,865,000ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCustomerRelationships
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Domain name/website 1,235,000ECIGD_DomainNameWebsites
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Accounts payable and accrued expenses (4,301,751)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Deferred tax liability (6,008,750)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Other liabilitities 34,883,385us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Total identifiable net assets 17,038,382us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Goodwill 51,921,767us-gaap_Goodwill
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Total fair value of consideration 51,921,767us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_MustHaveLimitedMember
 
Hardware Interactive    
Fair Value of Consideration Transferred    
Cash 5,000,000us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Issuance of shares of common stock 18,675,000us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Total 23,675,000us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Assets Acquired and Liabilities Assumed    
Accounts receivable, net 1,786,232us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Inventory 987,855us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Prepaids and other current assets 290,264us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Non-Complete 420,000ECIGD_NonCompleteDevinKeer
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Customer Relationships 6,075,000ECIGD_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCustomerRelationships
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Trademark 6,045,000us-gaap_FiniteLivedTrademarksGross
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Total identifiable net assets 15,604,351us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Goodwill 8,070,649us-gaap_Goodwill
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember
 
Total fair value of consideration $ 23,675,000us-gaap_BusinessCombinationConsiderationTransferred1
/ dei_LegalEntityAxis
= ECIGD_HardwireInteractiveIncMember