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Summarizes the fair values of the assets acquired (Tables)

12 Months Ended

Dec. 31, 2014

Summarizes the fair values of the assets acquired

Summarizes the fair values of the assets acquired

The following summarizes the fair values of the assets acquired:

Intangible asset – Intellectual Property		$	659,440
Goodwill			2,637,760
Total assets acquired			3,297,200
Aggregate purchase price		$	3,297,200

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275

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