4. Business Combinations (Tables)
|
9 Months Ended |
Sep. 30, 2014 |
|---|
| Business Acquisition [Line Items] |
|
| Schedule of the Estimate of Consideration Paid by Company in Merger |
| Fair Value of the ASTV common shares | |
(A) | |
$ | 6,456,713 | |
| Less: | |
| |
| | |
| Reduction in note payable to IBI | |
(B) | |
| (450,000 | ) |
| Interest accrued on IBI
note payable | |
(C) | |
| (9,237 | ) |
| Consideration effectively transferred | |
| |
$ | 5,997,476 | |
|
| Schedule of Pro Forma Information |
| |
Nine Months Ended
September 30, | |
| | |
2014 | | |
2013 | |
| Net revenues | |
$ | 11,431,126 | | |
$ | 22,440,793 | |
| Net income (loss) attributable to As Seen On TV, Inc. stockholders | |
| (9,029,410 | ) | |
| 18,035,853 | |
| Net loss per share | |
| | | |
| | |
| Basic | |
$ | (0.02 | ) | |
$ | 0.03 | |
| Diluted | |
$ | (0.02 | ) | |
$ | 0.03 | |
| Weighted-average number of common shares outstanding: | |
| | | |
| | |
| Basic | |
| 531,815,115 | | |
| 527,187,938 | |
| Diluted | |
| 531,815,115 | | |
| 528,312,938 | |
|
| Ronco Holdings Inc [Member] |
|
| Business Acquisition [Line Items] |
|
| Schedule of the Fair Value of Assets Acquired and Liabilities Assumed |
| Cash and cash equivalents | |
$ | 96,432 | |
| Accounts receivable | |
| 735,442 | |
| Inventories | |
| 1,517,374 | |
| Prepaid expenses and other current assets | |
| 130,671 | |
| Property and equipment | |
| 246,815 | |
| Goodwill | |
| 15,963,074 | |
| Intangible assets | |
| 3,700,000 | |
| Total assets | |
| 22,389,808 | |
| | |
| | |
| Accounts payable | |
| (2,190,090 | ) |
| Accrued expenses and other current liabilities | |
| (2,396,078 | ) |
| Notes payable - current portion | |
| (10,165,040 | ) |
| Notes payable - related party - current portion | |
| (3,016,227 | ) |
| Notes payable - Non current portion | |
| (1,922,373 | ) |
| Redeemable preferred stock | |
| (2,700,000 | ) |
| Total liabilities and temporary
equity | |
| (22,389,808 | ) |
| Consideration paid | |
| – | |
|
| As Seen On TV, Inc. [Member] |
|
| Business Acquisition [Line Items] |
|
| Schedule of the Fair Value of Assets Acquired and Liabilities Assumed |
| Cash and cash equivalents | |
$ | 53,966 | |
| Accounts receivable | |
| 4,560 | |
| Prepaid expenses and other current assets | |
| 271,804 | |
| Restricted cash – non current | |
| 83,462 | |
| Property and equipment | |
| 43,798 | |
| Goodwill | |
| 3,214,097 | |
| Intangible assets | |
| 6,150,000 | |
| Deposits | |
| 2,185 | |
| Total assets acquired | |
| 9,823,872 | |
| | |
| | |
| Accounts payable | |
| (625,413 | ) |
| Accrued expenses and other current liabilities | |
| (361,471 | ) |
| Notes payable – current portion | |
| (230,486 | ) |
| Warrant liability | |
| (1,668,795 | ) |
| Current liabilities of discontinued operations | |
| (904,788 | ) |
| Notes payable – non current | |
| (35,443 | ) |
| Total liabilities assumed | |
| (3,826,396 | ) |
| Net assets acquired | |
$ | 5,997,476 | |
|