XML 72 R60.htm IDEA: XBRL DOCUMENT v2.4.0.6
BUSINESS COMBINATIONS (Schedule of Fair Value of Assets Acquired and Liabilites Assumed) (Details) (USD $)
May 12, 2011
BUSINESS COMBINATIONS [Abstract]  
Fair value of consideration transferred $ 274,232
Fair value of assets acquired and liabilities assumed:  
Cash 61,995
Accounts receivable 69,355
Prepaid expenses 10,050
Computer equipment 85,000
Other intangible assets 408,000
Goodwill 238,678
Fair value of assets acquired 873,078
Liabilities assumed:  
Accounts payable 68,353
Outstanding credit card balances 90,207
Revolving credit lines 148,952
Accrued liabilities and deferred revenue 122,203
Deferred tax liability 169,131
Fair value of liabilities 598,846
Total Purchase Price $ 274,232