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)
 9 Months Ended
Sep. 30, 2013
Notes to Financial Statements  
SCHEDULE OF INTELLECTUAL PROPERTY AND INTANGIBLE ASSETS
  September 30, 2013   December 31, 2012
Intellectual property $ 16,355,967     $ 16,355,967  
Customer relationships   3,400,000       3,400,000  
Non-compete   660,000       660,000  
Territory rights   —       150,000  
    20,415,967       20,565,967  
Less: Accumulated amortization   (3,207,229 )     (2,015,551 )
  $ 17,208,738     $ 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