Asia Travel Corp | 2013 | FY | 3


  

 

 

Total purchase price:

 

 

            Cash

 

$

64,000

 

 

Allocated as follows:   
    Cash & cash equivalents  $25,850 
      Accounts receivable   2,129 
      Other receivable   400 
       Prepayment   1,472 
       Accounts payable and accrued expenses   (25,206)
       Goodwill   59,355
Less cash acquired $64,000
The excess fair value of net assets acquired over the purchase price was recorded as goodwill impairment.   (25,850)
Cash, net of cash acquired  $4,645 

us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock