Asset Purchase and Acquisition of a Business (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of purchase price allocation [Table Text Block]

The following table summarizes the Company’s allocation of the purchase price to the separable components of the mobile applications based on their relative fair values at the date the purchase was completed.

Purchase price allocation
Computer and Software	$	28
Trademark		6
Intangible assets – Mobile Gaming application		305
Net assets acquired	$	339

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following tables summarizes the preliminary estimated fair values of the net liabilities assumed and the allocation of the aggregate fair value of the purchase consideration, non-controlling interest and net liabilities assumed identifiable and unidentifiable intangible assets:

Purchase Consideration
Common stock (600,000 shares at the transaction date fair value of $5.03 per share)	$	3,018
Cash		202
Aggregate purchase consideration		3,220
Fair value of non-controlling interest		1,882
Aggregate fair value of enterprise		5,102

Purchase Price Allocation
Net current liabilities assumed		(93)
Property and equipment		4
Net liabilities assumed assets		(89)
Aggregate fair value of purchase consideration, non- controlling interest and net liabilities assumed allocated to intangible assets as follows:
Developed software		186
Customer list		33
Goodwill		4,972
Total Purchase Price Allocation	$	5,102

Business Acquisition, Pro Forma Information [Table Text Block]

The pro forma amounts presented are not necessarily indicative of either the actual operation results had the acquisition transaction occurred as of January 1, 2012.

	For the Six Months Ended
	June 30, 2013		June 30, 2012
Revenues	$	215	$	269
Net loss		(5,871)		(2,106)
Loss per share of common stock		(1.04)		(1.00)
Basic and diluted		5,772,423		2,106,763