Quarterly report pursuant to sections 13 or 15(d)

INTELLECTUAL PROPERTY AND INTANGIBLE ASSETS (Tables)

v2.4.0.8
INTELLECTUAL PROPERTY AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
SCHEDULE OF INTELLECTUAL PROPERTY AND INTANGIBLE ASSETS
  June 30,
2013		 December 31,
2012
Intellectual property $ 16,355,967   $ 16,355,967  
Territory   150,000     150,000  
Non-compete   660,000     660,000  
Customer relationships   3,400,000     3,400,000  
    20,565,967     20,565,967  
Less: Accumulated amortization   (2,810,003 )   (2,015,551 )
  $ 17,755,964   $ 18,550,416  
SCHEDULE OF ASSET PURCHASE AGREEMENT ASSETS
  Fair Value
Patents $ 13,259,000  
Customer relationships   3,400,000  
Trademarks   2,740,000  
Goodwill   1,091,000  
Non-compete agreement   660,000  
     Total $ 21,150,000