ACQUISITION OF ACADIANA

3 Months Ended

Mar. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

ACQUISITION OF ACADIANA

ACQUISITION OF ACADIANA

On February 2, 2017, the Company entered into an Asset Purchase Agreement (the "APA") with Acadiana Recovery, LLC ("Acadiana") pursuant to which the Company agreed to buy substantially all the customer relations, vehicles, equipment, supplies and tools of Acadiana for an aggregate purchase price of $710,350. This resulted in the recognition of $389,650 in fixed assets and $320,700 in intangible assets as of the acquisition date.