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EXCEL - IDEA: XBRL DOCUMENT - VIPER POWERSPORTS INCFinancial_Report.xls
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EX-31.2 - EXHIBIT 31.2 - VIPER POWERSPORTS INCv325968_ex31-2.htm
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v2.4.0.6
Subsidiary purchase (Tables)
9 Months Ended
Sep. 30, 2012
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation [Table Text Block]

The acquisition of fixed assets, inventory and intangible was recorded as following:

 

Fixed assets  (estimated life of 5 years)   $ 300,000  
Intangible (customer list) (estimated useful life of 5 years)     85,000  
Inventory     215,000  
Total purchases   $ 600,000  
         
Finder’s fee     40,000  
Total purchase price   $ 640,000