ACQUISITIONS (Details) (USD $)
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12 Months Ended | 1 Months Ended | 12 Months Ended | |||
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2013
ARB [Member]
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Dec. 31, 2013
WEW [Member]
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Nov. 30, 2013
JF [Member]
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Dec. 31, 2013
JF [Member]
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Consideration paid: | ||||||
Common stock | $ 3,611,126 | $ 3,611,126 | $ 0 | $ 0 | ||
Warrants | 1,710,077 | 1,710,077 | 0 | 0 | ||
Cash | 3,740,000 | 0 | 0 | 3,150,000 | 590,000 | |
Total Consideration paid | 9,061,203 | 5,321,203 | 3,150,000 | 434,325 | 590,000 | |
Current assets, excluding cash | 475,326 | 281,574 | 151,546 | 42,206 | ||
Property and equipment | 3,263,146 | 3,000,122 | 20,493 | 242,531 | ||
Goodwill | 6,100,269 | 2,550,611 | 3,124,507 | 425,151 | ||
Trademark/trade name | 2,794,443 | 1,784,443 | 0 | 1,010,000 | ||
Deposits and other assets | 98,035 | 98,035 | 0 | 0 | ||
Total assets acquired, less cash | 12,731,219 | 7,714,785 | 3,296,546 | 1,719,888 | ||
Liabilities assumed | (2,110,436) | (1,490,288) | (337,831) | (282,317) | ||
Deferred tax liabilities | (1,340,000) | (956,000) | 0 | (384,000) | ||
Non-controlling interest | (463,571) | 0 | 0 | (463,571) | ||
Common stock and warrants issued | (5,321,203) | (5,321,203) | 0 | 0 | ||
Cash paid | (3,740,000) | 0 | 0 | (3,150,000) | (590,000) | |
Cash received in excess of cash paid | $ 243,991 | $ 0 | $ 52,706 | $ 191,285 | $ 0 |
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- Definition
Amount of assets excluding cash that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. No definition available.
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X | ||||||||||
- Definition
The amount of goodwill acquired in a business combination. No definition available.
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X | ||||||||||
- Definition
The amount of total asset excluding cash and cash equivalents acquired in a business combination. No definition available.
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X | ||||||||||
- Definition
Amount of common stock, issued in consideration for the business combination. No definition available.
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- Definition
Amount of warrants, issued in consideration for the business combination. No definition available.
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X | ||||||||||
- Definition
This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of 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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- Definition
Amount of deferred tax liability attributable to taxable temporary differences due after 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 intangible assets, excluding goodwill, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of other assets expected to be realized or consumed after 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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- 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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- Definition
The cash inflow associated with the acquisition of a business when the cash held by the acquired business exceeds the cash payments to acquire the business. No definition available.
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- Definition
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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