STOCK PURCHASE AGREEMENT (Details Textual) - USD ($) |
1 Months Ended | |||
---|---|---|---|---|
Nov. 27, 2007 |
Jun. 18, 2007 |
Nov. 09, 2009 |
Nov. 09, 2009 |
|
Stock Issued During Period, Shares, New Issues | 43,822,001 | |||
Stock Purchase Agreement | ||||
Equity Method Investment, Aggregate Cost | $ 180,000 | $ 180,000 | ||
Shares, Outstanding | 45,411,400 | 45,411,400 | ||
Equity Method Investment Aggregate Cost Paid At Closing | $ 105,000 | $ 105,000 | ||
Equity Method Investment Aggregate Cost Previously Paid | $ 75,000 | $ 75,000 | ||
Reorganization Transaction Description | In connection with and contemporaneously with the Reorganization Transaction, it is anticipated that Mercari and/or AWLD will seek to obtain at least $10 million in gross proceeds from a financing (the “Financing”). If the gross proceeds from the Financing exceed $15 million at the time of the last closing of such financing, Mercari will issue additional shares of common stock to AWLD at a purchase price of $.001 per share as follows: (i) 18,164,560 additional shares if the amount of the Financing is at least $15 million and less than $20 million; or (ii) 34,058,550 additional shares if the amount of the Financing is $20 million or more | |||
Algodon Wines And Luxury Development Group | ||||
Shares, Issued | 45,411,400 | 45,411,400 | ||
Algodon Wines And Luxury Development Group | Stock Purchase Agreement | ||||
Stock Issued During Period, Shares, New Issues | 43,822,001 | |||
Stock Issued During Period, Value, New Issues | $ 43,822 | |||
Sale of Stock, Price Per Share | $ 0.001 | $ 0.001 | ||
Shares Of Common Stock Purchased From Other Entity | 200 | |||
Number Of Shares Owned By Awld | 43,822,401 | 43,822,401 | ||
Percentage Of Shares Owned By Awld | 96.50% | 96.50% | ||
Kanouff, LLC | ||||
Stock Issued During Period, Shares, New Issues | 214,286 | 142,857 | ||
Stock Issued During Period, Value, New Issues | $ 7,500 | $ 5,000 | ||
Kanouff, LLC | Stock Purchase Agreement | ||||
Shares Of Common Stock Purchased From Other Entity | 200 |