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Fair value of the net assets of Stanford Energy, Inc (Details) (USD $)
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Jun. 28, 2012
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| Fair value of the net assets of Stanford Energy, Inc | |
| Cash acquired | $ 10,887,561 |
| Note payable to Ring cancelled | 2,003,122 |
| Prepaid expenses acquired | 26,942 |
| Property and equipment acquired | 187,637 |
| Tax benefit acquired | 436,391 |
| Accounts payable acquired | (9,893) |
| Fair Value of Net Assets acquired | $ 13,531,760 |
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer) acquired. No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. acquired No definition available.
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- Definition
Fair Value of Net Assets acquired No definition available.
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- Details
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- Definition
Note payable to Ring cancelled in acquisition No definition available.
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer acquired. No definition available.
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures acquired. No definition available.
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- Definition
Tax benefit acquired. No definition available.
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