Acquisition (Tables)

9 Months Ended

Oct. 31, 2013

Business Combinations [Abstract]

Schedule of Business Acquisitions by Acquisition Consideration Transferred

The acquisition-date fair value of the consideration transferred consisted of the following items:

Cash consideration	$	100,000
Promissory note due to seller		125,000
Total purchase consideration	$	225,000

Schedule of Purchase Price Allocation

The total purchase consideration is allocated to the acquisition of the net tangible and intangible assets based on their estimated fair values as of the closing date. The allocation of the total purchase price to the net assets acquired is as follows:

Goodwill	$	225,000
Total fair value of assets acquired		225,000
Promissory note, net		125,000
Net assets acquired	$	100,000