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Merger and Acquisitions (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2012
Silver Tech
Oct. 11, 2011
Silver Tech
Dec. 31, 2012
CDE
Jan. 04, 2011
CDE
Dec. 31, 2012
Portables
Oct. 11, 2011
Portables
Business Acquisition, Effective Date of Acquisition 2010-05-31   2011-01-04   2011-10-11  
Business Acquisition, Name of Acquired Entity

Silver Tech Enterprises, Ltd.

 

Celestial Digital Entertainment, Ltd., ("CDE")

 

Portables Unlimited LLC

 
Business Acquisition, Description of Acquired Entity

Silver Tech's subsidiary Nollec Wireless primarily focuses on R&D for mobile phones, and hardware and software solutions for domestic Chinese and overseas customers. Its design team includes experienced engineers in the core technologies of wireless communication and mobile phone development. Nollec provides state of the art industrial, user inter-phase, mechanical and engineering designs and software and hardware integration.

 

The Company acquired CDE to broaden and deepen its knowledge base towards software solutions for mobile handsets. CDE has designed games for iOS and Android platforms for several years.

 

On October 12, 2011, the Company acquired 55% of Portables Unlimited LLC ("Portables"), one of the largest exclusive wholesale distributors of T-Mobile products in the United States. Portables has direct access to more than 1,000 retail locations across twenty U.S. States selling T-Mobile products, including approximately 100 exclusive T-Mobile carrier locations. The Company's percentage of ownership has been subsequently adjusted down to 50.5%.

 
Business Combination, Reason for Business Combination

The acquisition of Nollec allows the Company to provide complete original design and manufactured solutions to its customers in order to maintain a competitive advantage in the mobile handset manufacturing market.

 

The accumulated knowledge and source codes can be useful to the Company in integrating and testing operating systems with the hardware that the Company produces.

 

The Company acquired Portables for two reasons; (a) to diversify its revenue sources, and (b) to gain access to the most mature mobile handset market in the world.

 
Business Acquisition, Cost of Acquired Entity, Cash Paid   $ 10,960,000   $ 1,818,000   $ 9,851,486
Business Acquisition, Percentage of Voting Interests Acquired   100.00%   100.00%   55.00%
Cash acquired       235,112   81,048
Other receivables       5,895   4,054,550
Prepaid expenses       3,259   255,816
Accounts receivable       8,413   3,896,008
Inventory           1,045,478
Due from related parties           3,813,514
Fixed assets       6,565   2,216,272
Equipment deposit           103,602
Intangible assets           223,557
Goodwill       1,861,409   27,005,953
Short-term loan       (20,075)   (1,352,562)
Notes payable           (4,757,186)
Accounts payable       (990)   (10,717,533)
MPF payable       (1,758)    
Accrued expenses       (2,056)   (2,749,780)
Due to related party       (277,774)   (2,818,775)
Other payables           (2,584,250)
Valuatiuon of non-controlling interest           (7,864,226)
Purchase price       $ 1,818,000   $ 9,851,846