v2.4.0.8

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2014

Related Party Transactions [Abstract]

Summary of Assets Contributed and Liabilities Assumed

A summary of the assets contributed and liabilities assumed follows:

Cash		$	31,161
Note receivable			711,220
Interest receivable			259,584
Property and equipment, net			6,660
Deposits			5,392
Total IBI assets contributed to Infusion			1,014,017
Note payable			(11,000,000	)
Total liabilities assumed			(11,000,000	)
Net liabilities assumed by Infusion			(9,985,983	)
Forgiveness of debt			20,167,184
Contribution to capital		$	10,181,201

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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