Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Subsidiaries (Table)

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Acquisitions and Subsidiaries (Table)
3 Months Ended
Mar. 31, 2013
Acquisitions And Subsidiaries Table  
Remaining purchase price allocated to acquired intellectual property

The remaining purchase price was then allocated to the acquired intellectual property, namely patents.

 

Fair value of ValiBio SA net assets:   $  
         
Cash and cash equivalents     (68 )
Other current assets     34,526  
Property and equipment     1,887  
Intangible assets/patents     1,218,297  
Accounts payable and other liabilities     (254,642 )
Net assets on acquisition     1,000,000  
Purchase price     (1,000,000 )
Excess of fair value of net assets over purchase price