v2.4.1.9

Acquisition (Details) (USD $)	Mar. 31, 2015
Acquisition Details
Cash	$ 13,018
Prepaid expenses and deposits	5,326us-gaap_OtherPrepaidExpenseCurrent
Inventory	277,610us-gaap_OtherInventory
Property and equipment	7,289us-gaap_PropertyPlantAndEquipmentGross
Accounts payable and accrued liabilities	(254,330)
Loans payable to related parties	(12,500)us-gaap_DueToRelatedPartiesCurrent
Goodwill	5,927,587us-gaap_Goodwill
Net assets acquired	$ 5,964,000

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Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed.

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Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

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Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).

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Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

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Amount before valuation and LIFO reserves of other inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Amount of asset related to consideration paid in advance for other costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.

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Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

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Monarch America, Inc. 10-Q