v2.4.1.9

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Schedule of Provisional Purchase Price Acquisition

The total purchase price for the Skipjack acquisition was allocated as follows:

Assets
Cash			1,502
Other assets			10,494
Intangible assets-Customer relationships			84,751
Property and equipment			25,000
Liabilities
Accounts payable and accrued liabilities			(7,445	)
Due to shareholder			(14,302	)
Net assets acquired		$	100,000

The total purchase price for the Punkz Gear acquisition was allocated as follows:

Assets
Cash			16,526
Other assets			8,276
Intangible assets-Customer relationships			175,938
Liabilities
Accounts payable and accrued liabilities			(740	)
Net assets acquired		$	200,000

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

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