Annual report pursuant to Section 13 and 15(d)

Reverse Merger (Tables)

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Reverse Merger (Tables)
 12 Months Ended
Dec. 31, 2012
Reverse Merger Tables  
Reverse Merger

The following table summarizes the Company’s determination of fair values of the assets acquired and the liabilities as of the date of acquisition.

 

Consideration - issuance of securities   $ 2,777,778  
         
Cash   $ 11,150  
Prepaid expenses and other assets     3,876  
Fixed assets     5,706  
Accounts payable and accrued liabilities     (748,258)
Notes payable     (50,000)
Goodwill     3,555,304  
         
Total purchase price   $ 2,777,778