Acquisition of the Business of Lilien LLC (Details) (Lilien LLC [Member], USD $)
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Mar. 31, 2013
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Lilien LLC [Member]
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Assets Acquired: | ||||||||||
Cash | $ 1,112,485 | |||||||||
Receivables | 4,870,471 | |||||||||
Inventory | 55,410 | |||||||||
Other current assets (Note A) | 852,759 | [1] | ||||||||
Prepaid Licenses/Contracts (Note B) | 9,146,954 | [2] | ||||||||
Property and equipment | 254,638 | |||||||||
Trade name/trademarks (Note C) | 3,250,000 | [3] | ||||||||
Customer relationships (Note C) | 2,130,000 | [3] | ||||||||
Goodwill | 4,544,053 | |||||||||
Assets Acquired | 26,216,770 | |||||||||
Liabilities Assumed: | ||||||||||
Accounts payable | 5,094,390 | |||||||||
Accrued expenses (Note D) | 970,139 | [4] | ||||||||
Deferred Revenue | 11,152,241 | |||||||||
Liabilities Assumed | 17,216,770 | |||||||||
Purchase Price | $ 9,000,000 | |||||||||
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Business acquisition purchase price allocation customer relationships. No definition available.
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Business acquisition purchase price allocation goodwill. No definition available.
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Business acquisition purchase price allocation prepaid licenses contracts. No definition available.
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Business acquisition purchase price allocation trade name trademarks. No definition available.
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The total costs of the acquired entity including the cash paid to shareholder of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. No definition available.
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Amount of assets acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of other assets expected to be realized or consumed before one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred revenue expected to be recognized as such within one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of other liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of inventory recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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