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Summarizes the fair values of the assets acquired and liabilities assumed (Tables)
9 Months Ended
Mar. 31, 2013
Summarizes the fair values of the assets acquired and liabilities assumed:  
Summarizes the fair values of the assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date:

 

Goodwill

 

 

 

 $  5,546,909

Trade Name

 

 

        300,000

Customer Related Intangibles

 

     1,900,000

Process Related Intangibles

 

     2,900,000

Liabilities Assumed

 

 

      (860,000)

Deferred Income Tax

 

      (231,109)

Cash

 

 

 

        562,800

Receivables

 

 

        573,100

Other Receivables

 

 

        105,000

Prepaid Expenses

 

 

        219,700

Property and Equipment

 

        667,200

Deposits

 

 

 

         65,700

Note Receivable - Capital Group

 

        250,700

 

 

 

 

 

Total Value of Common Stock Issued

 $ 12,000,000