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EXCEL - IDEA: XBRL DOCUMENT - AuraSource, Inc.Financial_Report.xls
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EX-32 - EXHIBIT 32 - AuraSource, Inc.ex32.htm
EX-31.2 - EXHIBIT 31.2 - AuraSource, Inc.ex31_2.htm
EX-31.1 - EXHIBIT 31.1 - AuraSource, Inc.ex31_1.htm
10-K - FORM 10-K MARCH 31, 2012 - AuraSource, Inc.form10k120331.htm
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EX-21 - EXHIBIT 32 - AuraSource, Inc.ex21_1.htm
v2.4.0.6
INTANGIBLE
12 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
INTANGIBLE

 

NOTE 5 – INTANGIBLE

 

We entered into an agreement with Beijing Pengchuang Technology Development Co. (“Pengchuang”), Ltd., an independent Chinese company, to purchase 50% of the intellectual property related to ultrafine particle processing. Pengchuang developed a highly efficient and low energy consumption grinding technology, which utilizes fluid shock waves to make ultrafine particles. This technology can be applied to the coal water slurry, solid lubricant and other material grinding processes. Through the joint development and ownership agreement, AuraSource will enrich its intellectual property portfolio, enabling the further development of AuraCoal, its Hydrocarbon Clean Fuel technology. AuraSource Qinzhou will utilize the particle grinding technology in its AuraCoal Qinzhou production line, as well as license it to others in non-related industries.

 

We issued 600,000 shares of common stock for the acquisition of certain intangibles. We acquired intangibles of $753,530. The shares issued in connection with the acquired intangibles were valued at $606,000 or $1.01 per share which was the share price on August 8, 2010, the acquisition date. The Company paid cash for the remainder of the amount due.