Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Acquisitions: Schedule of Business Acquisitions, by Acquisition (Tables)

v2.4.0.8
Note 11 - Acquisitions: Schedule of Business Acquisitions, by Acquisition (Tables)
3 Months Ended
Mar. 31, 2014
Tables/Schedules  
Schedule of Business Acquisitions, by Acquisition

 

 

Litigation

Texas

 

Capital

Gulf Oil

 

Corp.

& Gas Assets

Cash

$45,727

$0

 

 

 

Intangible assets

256,000

7,751,031

 

 

 

Equipment

0

45,650

 

 

 

Total Assets Purchased

$301,727

$7,796,681

 

 

 

Components of purchase price

 

 

 

 

 

Series A Preferred

$0

$7,722,650

 

 

 

Series B Preferred

300,727

0

 

 

 

Assumption of liabilities

1,000

74,031

 

 

 

Total purchase price

$301,727

$7,796,681