v2.4.0.6
ACQUISITION OF SUBSIDIARIES (Tables)
 9 Months Ended
Sep. 30, 2012
Acquisition Of Subsidiaries Tables  
ACQUISITION OF SUBSIDIARIES

The assets and liabilities of DigiSpace Solutions, LLC as of the acquisition date will be recorded at their estimated fair value. A preliminary allocation of the purchase price is as follows:

 

DigiSpace Solutions, LLC Acquisition (Continued)

 

Cash and cash equivalents   $ 12,830  
Customer List     1,381,545  
    Total assets acquired     1,394,375  
         
Accounts payable     501,706  
Deferred revenue     35,523  
Notes payable     143,996  
    Total liabilities acquired     681,225  
     Net assets acquired   $ 713,150  

 

 

 

The assets and liabilities of Motion Pixel Corporation Holdings as of the acquisition date will be recorded at their estimated fair value. A preliminary allocation of the purchase price is as follows:

 

Equipment   $ 60,000  
Goodwill     2,145,000  
    Total assets acquired     2,205,000  
         
Accounts payable     60,000  
    Total liabilities acquired     60,000  
     Net assets acquired   $ 2,145,000  

 

The assets and liabilities of ACT Smartware GmbH as of the acquisition date will be recorded at their estimated fair value.  A preliminary allocation of the purchase price is as follows:

 

Cash and cash equivalents   $ 8,129  
Accounts receivable     57,031  
Prepaids     16,186  
Intangible assets     53,422  
Equipment     12,983  
Goodwill     2,061,120  
    Total assets acquired     2,208,871  
         
Accounts payable     122,964  
Deferred revenue     1,676  
    Total liabilities acquired     124,640  
     Net assets acquired   $ 2,084,231