Annual report pursuant to Section 13 and 15(d)

Gain on Asset Disposal (Tables)

v2.4.0.8
Gain on Asset Disposal (Tables)
12 Months Ended
Dec. 31, 2013
Gain (Loss) On Disposition Of Assets [Abstract]  
Schedule of Major Components of Reported Gain on Sale
The following represents the major components of the reported gain on sale:
 
Net Sales Price
 
$
8,345,793
 
Less:
 
 
 
 
Professional Fees on Sale of Assets
 
 
(825,596)
 
Accounts Receivable Sold
 
 
(299,599)
 
Inventories Sold
 
 
(1,135,042)
 
Tooling & Equipment Sold
 
 
(120,832)
 
Patents and Trademarks Sold
 
 
(113,117)
 
Federal Income Tax
 
 
(19,800)
 
Sales Taxes on Asset Sale
 
 
(14,000)
 
 
 
 
 
 
Net Gain on Sale of Asset
 
$
5,817,807