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ORBITAL TRACKING CORP AND GLOBAL TELESAT COMMUNICATIONS LIMITED SHARE EXCHANGE, REVERSE ACQ AND RECAPITALIZATION (Tables)

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Acquisition

Property and equipment		$	4,973
Accounts receivable			34,585
Cash in bank			30,934
Prepaid expenses			2,219,677
Inventory			40,161
Intangible asset			250,000
Current liabilities			(469,643	)
Due to related party			(2,174)
Derivative liability			(4,936)
Liabilities of discontinued operations			(112,397)
Total purchase price/assets acquired		$	1,991,180

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- References

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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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