Annual report pursuant to Section 13 and 15(d)

Note 9 - Acquisition of Camelina Assets and Sustainable Oils: Schedule of Assets Acquired and Liabilities Assumed (Tables)

v2.4.1.9
Note 9 - Acquisition of Camelina Assets and Sustainable Oils: Schedule of Assets Acquired and Liabilities Assumed (Tables)
12 Months Ended
Dec. 31, 2014
Tables/Schedules  
Schedule of Assets Acquired and Liabilities Assumed

The amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed are as follows:

 

 

Fair Values at

 

Acquisition

 

Date

 Prepaids and other assets

$260

 Inventory

123,599

 Intangible Assets

4,168,841

 Equipment

190,500

 Accounts Payable to UOP

(2,286,727)

 Commitment for field testing

(54,034)

 Other accounts payable and accrued liabilities

(42,339)

 Total net assets of Sustainable Oils

$2,100,100