Equity Investment (Details Narrative) (USD $)

0 Months Ended

2 Months Ended

0 Months Ended

1 Months Ended

Aug. 24, 2012

Apr. 30, 2013

Nov. 30, 2012

NakedEdgeLLCMember

Mar. 31, 2012

NakedEdgeLLCMember

Sep. 29, 2013

NakedEdgeLLCMember

Apr. 30, 2013

NakedEdgeLLCMember

Subsidiary Organization:

Acquisition of Equity - The Naked Edge, LLC

Naked Edge manufactures, markets and distributes Veggie Go's, an organic fruit and vegetable snack made with natural ingredients and no preservatives. They are dairy free, soy free, glutan free and vegan.

Cost of equity purchase

$ 65,000

$ 85,000

Percentage of ownership interest acquired

50.00%

Additional purchase agreement terms

On August 24, 2012, the Company entered into an agreement with Naked Edge whereby the Company completed the purchase of 50% of Naked Edge Common Units for $65,000.

We exercised the Option for a total of $65,000 during March and April 2013. The Common Units provide the Company with 50% of the voting rights and 20% of the economic rights of Naked Edge and the Preferred Units provide us with an additional 20% of the economic rights of Naked Edge for a total of 40%.

Option To Purchase Additional Interest in Naked Edge, LLC:

Description of option to purchase additional interest in Naked Edge, LLC

At that time, the Company also received an option to acquire 33.33% of Naked Edge Preferred Units for $85,000 on or before August 24, 2013 (“Option”).

Percentage of additional ownership, if option exercised

33.33%

Cost of future option to purchase

65,000

Option expiration date

Aug. 24, 2013

Total percentage of economic rights of Naked Edge, LLC if option exercised

40.00%

Acquired Entity Organization:

Name of acquired entity

Naked Edge, LLC

Date of Incorporation

Jan. 07, 2011

State of Incorporation

Colorado

Promissory Notes:

Promissory Note

20,000

10,500

15,000

Term of Note

5 Years

Interest rate on note, per annum

5.00%

Monthly Payment Obligation

377

198

2,562

Maturity date

Mar. 15, 2014

Financing Agreements:

Financing agreements cost basis

52,192

Financing agreements terms range

4 years

Financing agreements interest rates - lower range

32.00%

Financing agreements interest rates - upper range

41.00%

Financing agreements monthly payments - lower range

893

Financing agreements monthly payments - upper range

1,200

Capital Leases:

Cost basis of capital leases

9,099

10,800

Capital lease terms range

3 years 8 months

4 years

Capital lease interest rate

37.00%

17.00%

Capital lease monthly payment

$ 378

$ 313

Capital lease equipment's useful lives range

3 years 8 months

4 years

Consulting Agreements:

Description of compensation arrangement

Naked edge received consulting services for matters relating to product development, packaging, sales, marketing, distribution, and business management in exchange for 5% of Naked Edge’s net income once Naked Edge generates a net income of $300,000 in any calendar year.

Consultant's commission on net income

5.00%

^[1]

Useful life of equipment

4 years

[1]	Commission due when Naked Edge generates a net income of $300,000 in any calendar year.

Mister Goody, Inc. 10-Q