Acquisitions (Tables)

6 Months Ended

Jul. 31, 2012

Summary of Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of LALC’s assets acquired and liabilities at the date of acquisition of PCCM and consolidation of LALC:

Purchase Price		70,000
Fair value of net assets acquired
Cash	$	164,210
Prepaid expenses		9,472
Property and equipment		26,041
Management services agreement		38,000
Accounts payable and accrued liabilities		(1,447	)
Due from officer		(34,000	)
Non-controlling interest		(164,276	)
Net assets acquired	$	38,000
Goodwill	$	32,000