XML 48 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisition (Tables)
3 Months Ended
Mar. 31, 2013
Acquisition [Abstract]  
Preliminary Allocation of Purchase Price to Estimated Fair Values of Assets Acquired and Liabilities Assumed
Current assets   $ 925,817  
Equipment     29,579  
Acquired intangible assets     10,700,000  
Goodwill     6,337,967  
         
Total assets acquired     17,993,363  
         
Current liabilities     653,315  
Deferred tax liability     2,982,470  
         
Total liabilities assumed     3,635,785  
Net assets acquired   $ 14,357,578  
         
Purchase price   $ 14,475,000  
Less cash acquired     117,422  
Net cash paid   $ 14,357,578
Combined Results of Operations as if Acquisition Had Occurred at Beginning of Period
    Three Months Ended March 31, 2012  
       
Net Sales   $ 16,522,400  
         
Net Loss   $ (730,007 )
         
Net Loss per common share - basic and diluted   $ (0.07 )
         
Weighted average number of shares - basic and diluted     10,610,111