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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Measurements [Abstract]

Fair value assets and liabilities measured at fair value on a recurring basis


		June 30, 2013
		Level 1				Level 2				Level 3				Total

ASSETS:
Common stock		$	354,375			$	—			$	—			$	354,375


LIABILITIES:
Contingent consideration		$	—			$	—			$	1,475,000			$	1,475,000


		December 31, 2012
		Level 1				Level 2				Level 3				Total

ASSETS:
Common stock		$	344,346			$	—			$	—			$	344,346

Reconciles the beginning and ending balance for liabilities categorized under level 3 of the fair value


		Fair value Measurements Using Significant Unobservable Inputs (Level 3)
		Contingent Consideration				Total

Opening balance December 31, 2012		$	—			$	—

Transfers into level 3			—				—
Transfers out of level 3			—				—
Total gains or losses for period:
Included in net income			—				—
Included in other comprehensive income			—				—
Purchases			—				—
Sales			—				—
Settlements			—				—
Issuances			1,475,000				1,475,000


Closing balance June 30, 2013		$	1,475,000			$	1,475,000

Quantitative information about level 3 Fair value measures


		Quantitative Information about Level 3 Fair Value Measures
		Fair Value at June 30, 2013				Valuation Technique(s)		Unobservable Input		Range
Contingent Consideration		$	1,475,000			Monte Carlo analysis		Forecasted annual EBITDA		$0.8 - $1.3 million
								Weighted avg cost of capital		19.0% - 19.0%
								U.S. Treasury yields		0.1% - 3.0%
								Projection risk adjustment		(5.0)% - (3.0)%

						Discounted cash flow		U.S. Treasury yields		0.1% - 0.9%
								Credit spread		1.8% - 3.4%

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References+ Details