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EXCEL - IDEA: XBRL DOCUMENT - DS HEALTHCARE GROUP, INC.Financial_Report.xls
10-K - ANNUAL REPORT - DS HEALTHCARE GROUP, INC.dskx_10k.htm
XML - IDEA: XBRL DOCUMENT - DS HEALTHCARE GROUP, INC.R6.htm
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EX-32.1 - CERTIFICATION - DS HEALTHCARE GROUP, INC.dskx_ex32z1.htm
EX-32.2 - CERTIFICATION - DS HEALTHCARE GROUP, INC.dskx_ex32z2.htm
EX-23.2 - CONSENT - DS HEALTHCARE GROUP, INC.dskx_ex23z2.htm
EX-31.2 - CERTIFICATION - DS HEALTHCARE GROUP, INC.dskx_ex31z2.htm
EX-23.1 - CONSENT - DS HEALTHCARE GROUP, INC.dskx_ex23z1.htm
EX-31.1 - CERTIFICATION - DS HEALTHCARE GROUP, INC.dskx_ex31z1.htm
XML - IDEA: XBRL DOCUMENT - DS HEALTHCARE GROUP, INC.R5.htm
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v2.4.0.6
CONSOLIDATION OF VARIABLE INTEREST ENTITY
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
CONSOLIDATION OF VARIABLE INTEREST ENTITY

 

NOTE 14. - CONSOLIDATION OF VARIABLE INTEREST ENTITY

 

The Company holds a variable interest in Velocity Storage and Packaging LLC (“Velocity”) an entity for which the Company is the primary beneficiary. Velocity performs packaging and shipping services exclusively for the Company. The Companies variable interest relates to a financing arrangement whereby, all operational expenses including labor costs, facility costs and other operational expenses are reimbursed by the company at Velocity’s cost. The Company has no equity investment in Velocity and Velocity has no assets, liabilities or equity structure of its own. Velocity is financially supported by the Company in the form of reimbursement for 100% of the operational costs. Accordingly, the Company determined that Velocity was a variable interest entity ("VIE") and the Company was the primary beneficiary under the guidance offered in ASC 810-10 since Velocity does not have sufficient equity at risk for the entity to finance its own activities. ASC 810-10 requires that an enterprise consolidate a VIE if that enterprise has a variable interest that will absorb a majority of the entity's expected losses if they occur.