INTANGIBLE ASSETS, NET (Details) (USD $)
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3 Months Ended | 9 Months Ended | |||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Dec. 31, 2011
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Goodwill | $ 396,487 | $ 396,487 | $ 396,487 | ||
Finite-Lived Intangible Assets, Gross | 555,386 | 555,386 | 330,388 | ||
Accumulated amortization | (18,681) | (18,681) | (5,304) | ||
Finite-Lived Intangible Assets, Net | 536,705 | 536,705 | 325,084 | ||
Intangible assets, net | 933,192 | 933,192 | 721,571 | ||
Amortization of Intangible Assets | 5,126 | 0 | 13,377 | 0 | |
South Africa [Member]
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Finite-Lived Intangible Assets, Gross | 345,386 | 345,386 | 330,388 | ||
Brazil [Member]
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Finite-Lived Intangible Assets, Gross | 135,000 | 135,000 | 0 | ||
Hungary [Member]
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Finite-Lived Intangible Assets, Gross | $ 75,000 | $ 75,000 | $ 0 |
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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