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ACQUISITION OF AUDIOEYE, INC. BY AUDIOEYE ACQUISITION CORPORATION (Tables) | 12 Months Ended
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Dec. 31, 2013
ACQUISITION OF AUDIOEYE, INC. BY AUDIOEYE ACQUISITION CORPORATION |
Schedule of purchase price allocation | Purchase Price Allocation
Purchase Price: Cash |  | $ | 1,125,000 |  |  |
1,500,000 shares of AEAC stock |  | 375,000 |  | $ | 1,500,000 |
Less: Net Assets (deficit) |  |  |  | 2,752,342 | *
Less: Identifiable Intangibles - Patents |  |  |  | (3,551,814 | )
Goodwill |  |  |  | $ | 700,528 |
Schedule of net asset (deficit) acquired in acquisition | Net Assets (deficit)
|  | Book Value |
|  | at 08/17/12 |
Current Assets |  | $ | 109,521 |
Property, Plant & Equipment, net |  | 7,688 |
Patents |  | — |
Current Liabilities |  | (1,517,724 | )
L/T Liabilities |  | (1,351,827 | )
Contingent Liabilities (Note 2) |  | — |
Net Assets (deficit) |  | $ | (2,752,342 | )*

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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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=6910749&loc=d3e4845-128472 + Details
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