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Sinotop Contingent Consideration (Tables)
6 Months Ended
Jun. 30, 2012
Sinotop Contingent Consideration [Abstract]  
Summary of the estimated fair value of contingent consideration obligation for the acquisition of Sinotop Hong Kong
The following is a summary of the earned purchase price consideration and the estimated fair value of contingent consideration obligation for the acquisition of Sinotop Hong Kong at June 30, 2012 and December 31, 2011.
 
 
 
December 31,
 
June 30,
 
Number of
2011
Change in
2012
Class of consideration
Instruments
Fair Value
Fair Value
Fair Value
Common shares
735,822
 $          3,147,109
 $             438,579
 $          3,585,688
Stock options
80,000
                211,980
                  24,854
                236,834
Total earned and contingent consideration
 
 $          3,359,089
 $             463,433
 $          3,822,522
Estimated fair value of the current and the noncurrent portion of the contingent consideration liability for the acquisition of Sinotop Hong Kong
The following table represents the earned purchase price consideration and the estimated fair value of the current and the noncurrent portion of the contingent consideration liability for the acquisition of Sinotop Hong Kong at June 30, 2012.
 
 
As of June 30,2012
 
 
 
Number of
Current
Noncurrent
Total
 
Instruments
Liability
Liability
Liability
Shares July 2012 (earned)
                245,274
 $          1,226,369
 $                         -
 $          1,226,369
Shares July 2013 (contingent)
                245,274
                            -
             1,191,484
             1,191,484
Shares July 2014 (contingent)
                245,274
                            -
             1,167,835
             1,167,835
Total Common Shares
                735,822
 $          1,226,369
 $          2,359,319
 $          3,585,688
 
 
 
 
 
Options July 2012 (earned)
                  26,667
 $               73,539
 $                         -
 $               73,539
Options July 2013 (contingent)
                  26,667
                            -
                  79,350
                  79,350
Options July 2014 (contingent)
                  26,666
                            -
                  83,945
                  83,945
Total Options
                  80,000
 $               73,539
 $             163,295
 $             236,834
 
 
 
 
 
Total Shares and Options
                815,822
 $          1,299,908
 $          2,522,614
 $          3,822,522