NOTE 13 - STOCKHOLDERS' DEFICIT (Schedule of fair value of assets acquired and liabilities assumed) (Details) - USD ($) |
Dec. 31, 2015 |
Apr. 02, 2015 |
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Assets acquired: | ||
Cash | $ 1,347 | |
Trade name and technology | 165,000 | |
Customer relationships | 250,000 | |
Goodwill | 1,163,816 | |
Total assets | 1,580,163 | $ 1,578,816 |
Liabilities assumed: | ||
Accounts payable | 216,461 | |
Loans payable | 748,426 | |
Accrued expenses | 35,275 | |
Accrued salary | 184,263 | |
Deferred revenue | 1,809 | |
Total liabilities | 1,186,234 | |
Purchase price | $ 393,929 |
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- Definition Accrued expenses. No definition available.
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- Definition Accrued salary. No definition available.
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- Definition Customer relationships. No definition available.
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- Definition Amount of assets acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition 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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- References No definition available.
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- Definition 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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- Definition 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 long-term debt 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 The amount of identifiable intangible assets 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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- References No definition available.
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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