Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2012 | Mar. 04, 2014 | Jun. 30, 2012 | |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'GBS Enterprises Inc | ' | ' |
Entity Central Index Key | '0001413754 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Trading Symbol | 'GBSX | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 31,237,625 | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-12 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Document Fiscal Year Focus | '2012 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $10,040,666 |
Annual_Consolidated_Balance_Sh
Annual Consolidated Balance Sheets (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Current Assets | ' | ' |
Cash and cash equivalents - Note 5 | $1,154,602 | $3,142,308 |
Accounts Receivable - Note 6 | 4,143,448 | 4,850,507 |
Inventories - Note 2 | 0 | 236,712 |
Prepaid expenses - Note 7 | 84,304 | 389,772 |
Other receivables - Note 8 | 676,976 | 680,693 |
Assets held for sale - Note 9 | 384,862 | 682,999 |
Total current assets | 6,444,192 | 9,982,991 |
Assets held for sale - Note 9 | 1,846,645 | 1,388,723 |
Property, plant and equipment - Note 10 | 332,839 | 521,976 |
Non - Operating receivables - Note 11 | 428,422 | 548,909 |
Investment in related company, at equity | 0 | 244,219 |
Deferred tax assets - Note 26 | 1,132,103 | 2,451,800 |
Goodwill - Note 12 | 34,254,881 | 39,221,603 |
Software - Note 13 | 12,207,031 | 14,249,905 |
Other assets - Note 14 | 156,379 | 93,268 |
Total non-current assets | 50,358,300 | 58,720,403 |
Total assets | 56,802,492 | 68,703,394 |
Current liabilities | ' | ' |
Notes payable - Note 15 | 1,277,407 | 1,381,821 |
Liabilities to banks - Note 16 | 6,774 | 19,595 |
Accounts payables and accrued liabilities - Note 17 | 6,241,733 | 6,078,711 |
Deferred income - Note 18 | 6,099,570 | 6,341,575 |
Other liabilities - Note 19 | 860,032 | 4,252,240 |
Due to related parties - Note 22 | 3,152,034 | 432,421 |
Liability held for sale - Note 9 | 589,634 | 552,031 |
Total current liabilities | 18,227,184 | 19,058,394 |
Liabilities to banks - Note 20 | 3,716,102 | 3,463,483 |
Retirement benefit obligation - Note 27 | 165,876 | 150,632 |
Other liabilities - Note 21 | 0 | 2,266,075 |
Liability held for sale - Note 9 | 159,898 | 7,662 |
Total non-current liabilities | 4,041,876 | 5,887,852 |
Total liabilities | 22,269,060 | 24,946,246 |
Capital stock - Note 23 Authorized: 75,000,000 common shares of $.001 par value each 25,000,000 preferred shares of $.001 par value each | ' | ' |
Issued and outstanding: 29,461,664 shares of common stock (27,306,664 shares at December 31, 2011) | 29,462 | 27,307 |
Additional paid in capital | 49,691,195 | 47,446,318 |
Accumulated deficit | -18,974,582 | -12,147,666 |
Other comprehensive income | 442,841 | 494,206 |
Stockholders' Equity Attributable to Parent | 31,188,916 | 35,820,165 |
Noncontrolling interest in subsidiaries | 3,344,516 | 7,936,983 |
Total stockholders' equity | 34,533,432 | 43,757,148 |
Total stockholders' equity and liabilities | $56,802,492 | $68,703,394 |
Annual_Consolidated_Balance_Sh1
Annual Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Capital Stock, Authorized common shares | 75,000,000 | 75,000,000 |
Capital Stock, Authorized preferred shares | 25,000,000 | 25,000,000 |
Capital Stock, common shares par value | $0.00 | $0.00 |
Capital Stock, preferred shares par value | $0.00 | $0.00 |
Issued common stock | 29,461,664 | 27,306,664 |
Outstanding common stock | 29,461,664 | 27,306,664 |
Annual_Consolidated_Statements
Annual Consolidated Statements of Operations and Comprehensive Loss (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Revenues - Note 24 | ' | ' | ' | ' |
Products | $6,160,732 | $6,291,196 | $21,195,435 | $21,787,910 |
Services | 1,023,604 | 661,545 | 4,540,349 | 6,485,182 |
Revenues | 7,184,337 | 6,952,741 | 25,735,784 | 28,273,092 |
Cost of goods sold | ' | ' | ' | ' |
Products | 1,804,678 | 1,598,997 | 5,638,228 | 5,575,747 |
Services | 2,359,871 | 3,272,805 | 8,976,846 | 10,322,435 |
Cost of Goods and Services Sold, Total | 4,164,549 | 4,871,802 | 14,615,074 | 15,898,182 |
Gross profit | 3,019,788 | 2,080,939 | 11,120,710 | 12,374,910 |
Operating expenses | ' | ' | ' | ' |
Selling expenses | 2,112,364 | 3,149,098 | 12,102,534 | 15,426,600 |
Administrative expenses | 2,022,783 | 1,321,724 | 5,962,875 | 6,160,961 |
General expenses | 788,859 | 83,212 | 1,500,086 | 926,129 |
Operating Expenses, Total | 4,924,005 | 4,554,034 | 19,565,495 | 22,513,690 |
Operating loss | -1,904,217 | -2,473,095 | -8,444,785 | -10,138,779 |
Other Income (expense) - Note 25 | ' | ' | ' | ' |
Other Expense | -1,107,277 | -15,959,654 | -1,054,734 | -15,894,738 |
Interest income | 161 | 14,694 | 3,027 | 33,948 |
Interest expense | -238,681 | -144,654 | -480,086 | -406,407 |
Nonoperating Income (Expense), Total | -1,345,798 | -16,089,614 | -1,531,793 | -16,267,197 |
Loss before income taxes and discontinued operations | -3,250,015 | -18,562,709 | -9,976,578 | -26,405,976 |
Income tax (income) expense | 2,842,011 | -45,472 | 1,432,252 | -2,151,211 |
Loss before discontinued operations | -6,092,026 | -18,517,237 | -11,408,830 | -24,254,766 |
Discontinued operations (net of tax) - Note 9 | -235,820 | 521,979 | 40,607 | 521,979 |
Net Loss | -6,327,846 | -17,995,258 | -11,368,223 | -23,732,787 |
Net Loss Attributable to noncontrolling Interest | -2,841,757 | -9,075,158 | -4,541,307 | -11,567,489 |
Net loss attributable to stockholders | -3,486,089 | -8,920,100 | -6,826,916 | -12,165,298 |
Net loss per share, basic and diluted | ($0.12) | ($0.35) | ($0.23) | ($0.45) |
Weighted average number of common stock outstanding, basic and diluted | 29,119,710 | 25,139,198 | 29,461,664 | 27,247,958 |
Statement of Comprehensive Loss | ' | ' | ' | ' |
Net Loss | -6,327,846 | -17,995,258 | -11,368,223 | -23,732,787 |
Foreign currency Translation Adjustment | 13,610 | 295,718 | -102,525 | -125,751 |
Comprehensive loss | -6,314,236 | -17,699,540 | -11,470,748 | -23,858,538 |
Less: Net loss attributable to noncontrolling interest | -2,841,757 | -9,075,158 | -4,541,307 | -11,567,489 |
Less: Other Comprehensive loss attributable to noncontrolling interest | -18,518 | 147,563 | -51,160 | -62,750 |
Total Comprehensive loss attributed to stockholders | ($3,453,961) | ($8,771,945) | ($6,878,281) | ($12,228,299) |
Annual_Consolidated_Statements1
Annual Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Cash flow from operating activities: | ' | ' |
Net loss | ($11,368,223) | ($23,732,787) |
Income from discontinued operations | -40,607 | -521,979 |
Adjustments : | ' | ' |
Interest Expense | 26,700 | 0 |
Consulting Expense | 272,832 | 34,000 |
Deferred income taxes | 1,319,697 | -2,193,941 |
Depreciation and amortization | 4,148,915 | 5,840,688 |
Loss on Equity Investment | 227,781 | 0 |
Write-down of Intangibles | 1,517,139 | 0 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable and other assets | 1,073,620 | 4,147,043 |
Retirement benefit obligation | 15,244 | -3,433 |
Inventories | 236,712 | -236,712 |
Accounts payable and other liabilities | -5,737,266 | -1,031,853 |
Net cash used in operating activities for continuing operations | -8,307,456 | -17,698,974 |
Cash flow from investing activities | ' | ' |
Purchase or Sale of Intangible assets | -3,378,072 | -3,941,396 |
Purchase or Sale of Property, plant and equipment | -56,262 | 0 |
Purchase or Sale of Equity Investment | 0 | -244,219 |
Purchase or Sale of Subsidiaries | 1,020,500 | -1,910,529 |
Increase (Decrease) in Financial assets | 3,946,222 | 13,465,619 |
Net cash provided by investing activities from continuing operations | 1,532,388 | 7,369,475 |
Cash flow from financing activities | ' | ' |
Net borrowings - banks | 239,798 | 2,651,919 |
Other borrowings | -104,414 | -59,442 |
Net Borrowings from related party | 2,719,613 | 432,421 |
Capital paid-in | 1,947,500 | 9,703,920 |
Net cash provided by financing activities from continuing operations | 4,802,497 | 12,728,818 |
Cash flows from discontinued operations | ' | ' |
Net cash proved by (used in) operating activities | 70,661 | -990,050 |
Net Cash Provided by (Used in) Discontinued Operations | 70,661 | -990,050 |
Effect of exchange rate changes on cash | -85,796 | -139,029 |
Net increase (decrease) in cash | -1,987,706 | 1,270,240 |
Cash and cash equivalents - Beginning of the year | 3,142,308 | 1,872,068 |
Cash and cash equivalents - End of year | $1,154,602 | $3,142,308 |
Annual_Consolidated_Statements2
Annual Consolidated Statements of Equity (USD $) | Total | Pavone AG | GroupWare Inc. | IDC Global, Inc. | SD Holdings Ltd. | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Additional Paid-in Capital | Additional Paid-in Capital | Additional Paid-in Capital | Additional Paid-in Capital | Additional Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | Accumulated deficit | Equity attributable to noncontrolling interests |
Pavone AG | GroupWare Inc. | IDC Global, Inc. | SD Holdings Ltd. | Pavone AG | GroupWare Inc. | IDC Global, Inc. | SD Holdings Ltd. | |||||||||||
Balance at Dec. 31, 2010 | $47,380,316 | ' | ' | ' | ' | $16,500 | ' | ' | ' | ' | $27,221,755 | ' | ' | ' | ' | $557,207 | $17,632 | $19,567,222 |
Balance (in shares) at Dec. 31, 2010 | ' | ' | ' | ' | ' | 16,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
March 28, 2011, issued with sale of units at $1.25 /unit (in shares) | ' | ' | ' | ' | ' | 6,044,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
March 28, 2011, issued with sale of units at $1.25 /unit | 6,678,950 | ' | ' | ' | ' | 6,044 | ' | ' | ' | ' | 6,672,906 | ' | ' | ' | ' | ' | ' | ' |
Issued on purchase (in shares) | ' | ' | ' | ' | ' | ' | 999,790 | 250,000 | 880,000 | 612,874 | ' | ' | ' | ' | ' | ' | ' | ' |
Issued on purchase | ' | 4,900,000 | 1,085,000 | 3,256,000 | 1,256,450 | ' | 1,000 | 250 | 880 | 613 | ' | 4,899,000 | 1,084,750 | 3,255,120 | 1,255,837 | ' | ' | ' |
April 1, 2011, Warrants issued for services | 34,000 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 34,000 | ' | ' | ' | ' | ' | ' | ' |
December 13, 2011, warrants exercised at $1.50 /sh (in shares) | ' | ' | ' | ' | ' | 2,020,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
December 13, 2011, warrants exercised at $1.50 /sh | 3,024,970 | ' | ' | ' | ' | 2,020 | ' | ' | ' | ' | 3,022,950 | ' | ' | ' | ' | ' | ' | ' |
Net comprehensive loss for the year | -23,858,538 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -63,001 | -12,165,298 | -11,630,239 |
Balance at Dec. 31, 2011 | 43,757,148 | ' | ' | ' | ' | 27,307 | ' | ' | ' | ' | 47,446,318 | ' | ' | ' | ' | 494,206 | -12,147,666 | 7,936,983 |
Balance (in shares) at Dec. 31, 2011 | ' | ' | ' | ' | ' | 27,306,664 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
March 27, 2012, warrants exercised at $1.50 /sh (in shares) | ' | ' | ' | ' | ' | 5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
March 27, 2012, warrants exercised at $1.50 /sh | 7,500 | ' | ' | ' | ' | 5 | ' | ' | ' | ' | 7,495 | ' | ' | ' | ' | ' | ' | ' |
March 27, 2012, warrants excercised at $.50 /sh (in shares) | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
March 27, 2012, warrants excercised at $.50 /sh | 200,000 | ' | ' | ' | ' | 400 | ' | ' | ' | ' | 199,600 | ' | ' | ' | ' | ' | ' | ' |
March 30, 2012, warrants exercised at $.50 /sh (in shares) | ' | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
March 30, 2012, warrants exercised at $.50 /sh | 250,000 | ' | ' | ' | ' | 500 | ' | ' | ' | ' | 249,500 | ' | ' | ' | ' | ' | ' | ' |
March 31, 2012, warrants issued for services | 270,208 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 270,208 | ' | ' | ' | ' | ' | ' | ' |
April 16, 2012, issued on sale of units at $1.50 /unit (in shares) | ' | ' | ' | ' | ' | 120,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
April 16, 2012, issued on sale of units at $1.50 /unit | 180,000 | ' | ' | ' | ' | 120 | ' | ' | ' | ' | 179,880 | ' | ' | ' | ' | ' | ' | ' |
April 28, 2012, issued on conversion of note into shares at $1.15 /sh (in shares) | ' | ' | ' | ' | ' | 550,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
April 28, 2012, issued on conversion of note into shares at $1.15 /sh | 632,500 | ' | ' | ' | ' | 550 | ' | ' | ' | ' | 631,950 | ' | ' | ' | ' | ' | ' | ' |
April 30, 2012, issued on conversion of note into shares at $1.15 /sh (in shares) | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
April 30, 2012, issued on conversion of note into shares at $1.15 /sh | 460,000 | ' | ' | ' | ' | 400 | ' | ' | ' | ' | 459,600 | ' | ' | ' | ' | ' | ' | ' |
April 30, 2012, issued on conversion of note and debt into shares at $1.15 /sh (in shares) | ' | ' | ' | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
April 30, 2012, issued on conversion of note and debt into shares at $1.15 /sh | 172,500 | ' | ' | ' | ' | 150 | ' | ' | ' | ' | 172,350 | ' | ' | ' | ' | ' | ' | ' |
May 15, 2012, issued on sale of units at $1.50 /unit (in shares) | ' | ' | ' | ' | ' | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
May 15, 2012, issued on sale of units at $1.50 /unit | 45,000 | ' | ' | ' | ' | 30 | ' | ' | ' | ' | 44,970 | ' | ' | ' | ' | ' | ' | ' |
July 5, 2012, fair value of conversion on issuance of convertible debt | 26,700 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 26,700 | ' | ' | ' | ' | ' | ' | ' |
December 21, 2012, warrants issued for services | 2,624 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 2,624 | ' | ' | ' | ' | ' | ' | ' |
Net comprehensive loss for the year | -102,525 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -51,365 | 0 | -51,160 |
Balance at Dec. 31, 2012 | $34,533,432 | ' | ' | ' | ' | $29,462 | ' | ' | ' | ' | $49,691,195 | ' | ' | ' | ' | $442,841 | ($12,147,666) | $7,885,823 |
Balance (in shares) at Dec. 31, 2012 | ' | ' | ' | ' | ' | 29,461,664 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual_Consolidated_Statements3
Annual Consolidated Statements of Equity (Parenthetical) (USD $) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | ||||
15-May-12 | Apr. 16, 2012 | Apr. 28, 2012 | Apr. 30, 2012 | Mar. 27, 2012 | Dec. 13, 2011 | Mar. 30, 2012 | Mar. 28, 2011 | |
Shares issued per unit | ' | $1.50 | ' | ' | ' | ' | ' | $1.25 |
Warrants exercised per share | ' | ' | ' | ' | $1.50 | $1.50 | $0.50 | ' |
Warrants Exercised Per Share Two | ' | ' | ' | ' | $0.50 | ' | ' | ' |
Per share of shares issued on conversion of note into shares | ' | ' | $1.15 | $1.15 | ' | ' | ' | ' |
Per share of shares issued on conversion of note and debt into shares | $1.50 | ' | ' | $1.15 | ' | ' | ' | ' |
COMPANY_AND_BACKGROUND
COMPANY AND BACKGROUND | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | ' | |||||||||||||||||
COMPANY AND BACKGROUND | ' | |||||||||||||||||
Note 1 COMPANY AND BACKGROUND | ||||||||||||||||||
Overview | ||||||||||||||||||
GBS Enterprises Incorporated, a Nevada corporation (the “Company,” “GBS,” “GBSX,” “we,” “us,” “our” or similar expressions), conducts its primary business through its 50.1% owned subsidiary, GROUP Business Software AG (“GROUP”), a German-based public-company whose stock trades on the Frankfurt Exchange under the stock symbol INW. GROUP’s software and consulting business is focused on serving IBM’s Lotus Notes and Domino market. Headquartered in Eisenach, Germany, the Company has offices throughout Europe and North America. The Company maintains a website at www.gbsx.us. GROUP maintains a website at www.gbs.com. The information contained in the Company’s and GROUP’s websites is not incorporated by reference herein. | ||||||||||||||||||
The Company’s Common Stock is quoted at the OTCQX under the ticker symbol “GBSX.” | ||||||||||||||||||
In 2012, in order to reduce overhead and administrative costs, we restructured the Company’s multilevel subsidiary-structure. | ||||||||||||||||||
Products & Services | ||||||||||||||||||
GBS has grown by consolidating the fragmented Lotus Software market through the acquisition of companies with complementary product, technology or services offerings. GBS has developed its software and service business to service and support its Lotus customer base. | ||||||||||||||||||
Messaging and Business Applications Software & Solutions | ||||||||||||||||||
GBS Messaging and Business Application Software & Solutions product lines include software and advisory services for email and Instant Messaging (IM) Management, Security, Compliance, Archiving and Productivity, CRM Applications, Governance, Risk & Compliance (GRC) Management software, Workflow and Business Process Management software, ePDF Archiving & Document Management. | ||||||||||||||||||
GBS develops, sells and installs business process and management software suites based on Lotus Notes / Domino and IBM Portal technology, mainly for major international companies and medium-sized customers. | ||||||||||||||||||
Through GBS’s comprehensive messaging software product lines and associated services, Lotus Notes, Microsoft Exchange or SMTP-based-email customers, as well as Lotus Sametime, customers are able to provide their users with secure and centrally administered use of e-mail and IM while maintaining control over their compliance with current legal requirements and corporate guidelines. | ||||||||||||||||||
Consulting Services | ||||||||||||||||||
GBS develops, sells and orchestrates customer-specific Lotus Domino strategy and consulting services. | ||||||||||||||||||
GBS Consulting Services’ global teams of consultants use modern project management techniques, proprietary methodologies and GBS accelerator technologies to complete client projects on time and with reduced risk. | ||||||||||||||||||
As a Premier IBM Business Partner, GBS is one of the few partners that can sell and support licenses for all five IBM software brands: Lotus, WebSphere, Rational, Tivoli, and DB2. | ||||||||||||||||||
GBS Lotus Application Modernization and Migration | ||||||||||||||||||
GBS Lotus Application Modernization and Migration activities are focused on the IBM Lotus / Domino applications market and the offering spans from expert services and accelerator technologies to modernized, web enabled (also named “cloud” or “cloud computing”) and migrated Lotus applications; and thus ultimately take the Lotus applications from legacy to the future. The foundation of the Modernizing/Migrating Suite Software offering is GBS’s significant R&D investment in a set of methodologies and key technology accelerators to support the conversion of traditional Notes based client-server applications, into the IBM XPages framework which enables Domino applications to be run and accessed via the Lotus client, a web browser or on a mobile device. | ||||||||||||||||||
Revenue Model | ||||||||||||||||||
GBS generates its revenue from the sale of internally created software, third-party developed software and the delivery of related services, including IT systems planning, administration, support, hosting, implementation and integration. | ||||||||||||||||||
General Corporate History | ||||||||||||||||||
GBS Enterprises Incorporated was incorporated in Nevada on March 20, 2007 as SWAV Enterprises Ltd. (“SWAV”). SWAV had a different management team and was in a different industry. | ||||||||||||||||||
On April 26, 2010, SWAV purchased certain technology assets of Lotus Holdings Ltd. (“Lotus”) in consideration for an aggregate of 2,265,240 shares of SWAV common stock. Also on April 26, 2010, Lotus (on behalf of the SPPEF Members as discussed below) purchased an aggregate of 11,984,770 shares of SWAV common stock from certain SWAV stockholders for $370,000. As a result of these transactions, Lotus acquired a total of 14,250,010 shares of SWAV common stock which represented approximately 95.0% of the 15,000,000 outstanding shares of SWAV common stock on April 26, 2010. | ||||||||||||||||||
On September 6, 2010, SWAV’s name was changed to GBS Enterprises Incorporated. On October 14, 2010, the Company’s trading symbol on the OTC Bulletin Board was changed from SWAV to GBSX. | ||||||||||||||||||
About Lotus Holdings, Ltd. | ||||||||||||||||||
Lotus is a holding company which was formed under the laws of Gibraltar for the purpose of financing merger and acquisition projects, specifically in the niche market of small or microcap companies listed on the Frankfurt Stock Exchange with complex shareholder structures and whose stock is trading below one Euro (€1.00) per share. | ||||||||||||||||||
SPPEFs | ||||||||||||||||||
Lotus typically finances its merger and acquisition projects through the use of Special Purpose Private Equity Funds (“SPPEFs”). Typically, SPPEFs are funded by a company’s major shareholders (the “Major Shareholders”) seeking to raise capital for projects and who fund at least 50% of the SPPEF, with the remaining portion being provided through the investment community and network of investors in Lotus. Each SPPEF is co-managed by a representative of the Major Shareholders (the “Representative Secretary”) and an attorney appointed by Lotus (the “Lotus Representative”). | ||||||||||||||||||
On February 25, 2010, a group of shareholders (the “GROUP Major Shareholders”) of GROUP Software AG, a German public company trading on the Frankfurt Stock Exchange under the symbol “INW” (“GROUP”), engaged Lotus to provide financial consulting and advisory services, on a non-exclusive basis, for the primary task of establishing a SPPEF. On March 12, 2010, the GROUP Major Shareholders and Lotus established and funded a SPPEF with $1,400,000, consisting of $1,000,000 from the GROUP Major Shareholders and $400,000 from a Lotus investor (collectively, the “SPPEF Members”). | ||||||||||||||||||
In early April 2010, the SPPEF Members decided to acquire SWAV. As disclosed above, on April 26, 2010, Lotus, on behalf of the SPPEF Members, acquired an aggregate of 11,984,770 shares of SWAV common stock from the selling shareholders of SWAV for an aggregate purchase price of $370,000. The 11,984,770 shares of SWAV common stock shares represented approximately 79.9% of the 15,000,000 outstanding shares of SWAV common stock on April 26, 2010. | ||||||||||||||||||
Transactions following the April 26, 2010 Transaction | ||||||||||||||||||
On November 1, 2010, the Company repurchased an aggregate of 3,043,985 of the 11,984,770 shares of the Company’s common stock originally purchased by Lotus on April 26, 2010. In consideration for these 3,043,985 shares, the Company issued to Lotus a Secured Demand Note, dated November 1, 2010 (the “First Demand Note”), for the principal amount of $300,000, bearing interest at the rate of 5% per annum. The First Demand Note was repaid in September 2011. | ||||||||||||||||||
Effective December 30, 2010, pursuant to securities purchase agreements between the Company and six GROUP Major Shareholders, the Company purchased an aggregate of 7,115,500 shares of GROUP common stock from the six GROUP Major Shareholders in consideration for the 3,043,985 shares of GBS common stock (the “December 2010 Transaction”). As a result, the Company owned approximately 28.2% of the outstanding common stock of GROUP. | ||||||||||||||||||
Reverse Merger | ||||||||||||||||||
After the December 2010 Transaction was completed, the additional GROUP Major Shareholders decided to accept the share swap offer from the Company and to effectuate a reverse merger of GROUP and the Company. To effectuate the reverse merger, on January 5, 2011, the Company repurchased from Lotus an aggregate of 2,361,426 of the 11,984,770 shares of the Company’s common stock originally purchased by Lotus on April 26, 2010. In consideration for these 2,361,426 shares, the Company issued to Lotus a Secured Demand Note, dated January 5, 2011 (the “Second Demand Note”), for the principal amount of $200,000, bearing interest at the rate of 5% per annum. The Second Demand Note was repaid in November 2011. | ||||||||||||||||||
Effective January 6, 2011, pursuant to securities purchase agreements between the Company and the remaining GROUP Major Shareholders, the Company purchased an aggregate of 5,525,735 shares of GROUP common stock from the remaining GROUP Major Shareholders in consideration for the 2,361,426 shares of GBS common stock (the “January 2011 Transaction”). These 5,525,735 GROUP shares represented approximately 21.9% of the outstanding shares of common stock of GROUP. As a result of the December 2010 Transaction and January 2011 Transaction, the Company had acquired an aggregate of 12,641,235 shares of GROUP common stock from the GROUP Major Shareholders in consideration for an aggregate of 5,405,411 shares of GBS common stock, resulting in GBS owning approximately 50.1% of the outstanding GROUP common stock and effectuating a reverse merger of the Company and GROUP whereby GROUP became the accounting acquirer. | ||||||||||||||||||
Additional GROUP Acquisition | ||||||||||||||||||
On February 27, 2012, the Company acquired an additional 883,765 shares of common stock of GROUP from GAVF LLC for an average purchase price of $0.70 per share, or approximately $619,000, after an outstanding loan of GROUP was converted into an aggregate of 1,750,000 shares of GROUP common stock, thereby increasing GROUP’s outstanding common stock to 26,982,000 shares. By acquiring the new shares, the Company kept its ownership of GROUP common stock at 50.1%. | ||||||||||||||||||
Acquisition/Dissolution of Subsidiary Companies | ||||||||||||||||||
Pavone AG | ||||||||||||||||||
Effective April 1, 2011, the Company acquired 100% of the outstanding common shares of Pavone AG, a German corporation, for $350,000 in cash and 1,000,000 shares of its common stock. The fair value of the common stock was determined to be $4.90 per share, representing the market value at the end of trading on the date of the acquisition. The total value of the investment, including the assumption of $583,991 in debt was $5,843,991. Pavone’s workflow software for Lotus Notes and Domino along with their customer base is well suited to GBS Enterprises portfolio strategy. | ||||||||||||||||||
GroupWare, Inc. | ||||||||||||||||||
Effective June 1, 2011, the Company acquired 100% of the outstanding common shares of GroupWare, Inc., a Florida corporation (“GroupWare”). As consideration the Company paid $250,000 and issued 250,000 shares of its common stock. The fair value of the common stock was determined to be $4.34 per share, representing the market value at the end of trading on the date of the acquisition. The total value of the investment, including the assumption of $694,617 in debt was $2,029,617. Upon the consummation of the acquisition, the management and board of GroupWare resigned and Joerg Ott, the Company’s Chief Executive Officer and sole director, was appointed as the Chief Executive Officer and sole director of GroupWare. GroupWare's ePDF server delivers centralized, network-wide PDF solutions for messaging, workflow, document, content and data management. | ||||||||||||||||||
IDC Global, Inc. | ||||||||||||||||||
On July 25, 2011, the Company acquired 100% of the issued and outstanding shares of common stock of IDC Global, Inc., (“IDC”) a Delaware corporation. Pursuant to the acquisition agreement, dated July 15, 2011, the Company agreed to issue the shareholders an aggregate of 800,000 shares of common stock and made a cash payment of $750,000. The agreement required an additional payment to the management shareholders of 80,000 shares of common stock and signing bonuses to personnel of $35,000. The Company also agreed to reimburse IDC up to $25,000 for incurred accounting and legal fees related to the transaction. The fair value of the common stock was determined to be $3.70 per share, representing the market value at the end of trading on the date of the agreement. The total value of the investment, including $883,005 of debt assumption, was $4,066,000. IDC was a privately held company that provides nationwide network and data center services. | ||||||||||||||||||
SD Holdings, Ltd. | ||||||||||||||||||
On September 27, 2011, the Company entered into an acquisition agreement with SD Holdings, Ltd. (“SYN”), a Mauritius corporation, and the shareholders of SYN owning 100% of issued and outstanding shares of SYN. SYN owns 100% of all issued and outstanding shares of Synaptris, Inc., a California corporation (“Synaptris”), and 100% of all issued and outstanding shares of Synaptris Decisions Private Limited, a company formed in India (“Synaptris India”). Pursuant to the acquisition agreement, the Company purchased one hundred percent (100%) of the issued and outstanding shares of SYN (effective November 1, 2011 in consideration for $525,529 and agreed to issue 700,000 shares of common stock, subject to adjustment. Actual shares issued were 612,874. The fair value of the common stock was determined to be $2.05 per share, representing the market value at the end of trading on the date of the agreement. | ||||||||||||||||||
On April 1, 2012, the Company sold SYN, Synaptris and Synaptris India for $1,877,232 to Lotus. in an effort to restructure the Company’s multilevel subsidiary - structure derived from the historical mergers and acquisitions, and to reduce overhead and administrative costs. | ||||||||||||||||||
GBS India Private Limited | ||||||||||||||||||
Pursuant to an existing transfer agreement, effective July 1, 2012, the Company entered into a purchase agreement with SYN for $1,877,232, which transferred all assets, including intellectual property rights, and liabilities of the IntelliPRINT and FewClix product lines, customer contracts and certain employees for operations in a new subsidiary, GBS India Private Limited, an incorporated entity formed under the Indian Companies Act 1956 (“GBS India”). A royalty fee in the amount of approximately $350,000 has been agreed upon for the benefit the Company. Additionally a profit based fee of up to $700,000 may be earned based on license and revenue recognized from the sold IntelliVIEW and IntelliVIEW NXT products. | ||||||||||||||||||
On August 1, 2012, the Company acquired 100% of the outstanding shares of capital stock of GBS India. We anticipate GBS India’s presence in India to accelerate our plan to expand our product development team particularly for our strategic offerings in India. | ||||||||||||||||||
In accordance with ASC Topic 805, presented below are unaudited pro forma results for year ended restated December 31, 2012 and 2011. To show the effect on our consolidated results of operations as if our acquisitions completed in 2012 had occurred on January 1, 2011: | ||||||||||||||||||
Supplemental Unaudited Pro Forma | ||||||||||||||||||
Fiscal Year Ended December 31, | ||||||||||||||||||
2012 | ||||||||||||||||||
Pre-Combination | Post Combination | |||||||||||||||||
Subsidiary | Date | Revenue | Earnings | Date | Revenue | Earnings | ||||||||||||
2011 | ($) | ($) | 2012 | ($) | ($) | |||||||||||||
GBS India | 1/1/2011 - 12/31/2011 | (a) | (a) | 7/1/2012 - 12/31/2012 | 9,484 | -438,731 | ||||||||||||
(a) No metric, as this subsidiary was newly formed as of 7/1/2012 | ||||||||||||||||||
Supplemental Pro Forma | ||||||||||||||||||
Combined Entity Figures | ||||||||||||||||||
Year End 2012 & 2011 | ||||||||||||||||||
Consolidated Figures | ||||||||||||||||||
Date | Revenue | Comprehensive | ||||||||||||||||
Income/(Loss) | ||||||||||||||||||
($) | ($) | |||||||||||||||||
GBS Enterprises | 1/1/2011 - 12/31/2011 | 28,273,092 | -23,858,538 | |||||||||||||||
GBS Enterprises | 1/1/2012 - 12/31/2012 | 25,735,784 | -11,470,748 | |||||||||||||||
Pavone AG/Groupware AG | ||||||||||||||||||
On July 6, 2012 and August 9, 2012, wholly-owned subsidiaries Pavone AG and Groupware AG, respectively, were merged into Pavone GmbH. The mergers were consummated solely for administrative purposes. Pavone GmbH is a wholly-owned subsidiary of the Company. | ||||||||||||||||||
Pavone, Ltd. | ||||||||||||||||||
Pavone, Ltd, a shell company, was dissolved on July 8, 2012. | ||||||||||||||||||
EbVokus, GmbH. | ||||||||||||||||||
On October 1, 2012, GROUP sold all of the software and operational assets (constituting substantially all of the assets) of its wholly-owned subsidiary, ebVokus GmbH, along with the associated maintenance and project agreements to a non-affiliated third party for a purchase price of approximately $459,000, approximately $258,000 (200,000 Euros: 1 EUR =1.29 USD on October 1, 2012) was paid at closing and the remaining $201,000 was paid on February 15, 2013 (150,000 Euro: 1EUR =1.35 USD on February 15, 2013). | ||||||||||||||||||
B.E.R.S. AD. | ||||||||||||||||||
On November 23, 2012 GBS AG sold its entire participation (50%) in B.E.R.S AD for a total of 25,000 BGN (approximately $ 16,438 USD). | ||||||||||||||||||
ACCOUNTING_POLICIES
ACCOUNTING POLICIES | 12 Months Ended | |
Dec. 31, 2012 | ||
Accounting Policies [Abstract] | ' | |
ACCOUNTING POLICIES | ' | |
Note 2 | ACCOUNTING POLICIES | |
The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America, the more significant of which are as follows: | ||
Critical Accounting Policies and Estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||
Segment Reporting | ||
The Financial Accounting Standards Board (“FASB”) authoritative guidance regarding segment reporting establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. It also establishes standards for related disclosures about products and services, geographic areas and major customers. The Company has determined that it operates in only one segment – the development and maintenance of computer software programs and support products. | ||
Comprehensive Income (Loss) | ||
The Company adopted the FASB Codification topic (“ASC”) 220, “Reporting Comprehensive Income”, which establishes standards for the reporting and display of comprehensive income and its components in the financial statements. Comprehensive income consists of net income and other gains and losses affecting stockholder's equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability. Since inception, the Company’s other comprehensive income represents foreign currency translation adjustments and small net actuarial losses on pension plans. | ||
Net Income per Common Share | ||
ASC 260, “Earnings per share”, requires dual presentation of basic and diluted earnings per share (EPS) with a reconciliation of the numerator and denominator of the EPS computations. Basic earnings per share amounts are based on the weighted average shares of common stock outstanding. If applicable, diluted earnings per share would assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive. Accordingly, although the diluted weighted average number of common stock outstanding is disclosed on the statements of operation, the calculated net loss per share is the same for both the basic and diluted as both are based on the basic weighted average of common stock outstanding. There were no adjustments required to net income for the period presented in the computation of diluted earnings per share. | ||
Financial Instruments | ||
Financial instruments consist of cash and cash equivalents, accounts and other receivable, financial assets, notes payable, liabilities to banks, accounts payable, accrued liabilities and other liabilities, due to related parties and retirement benefit obligations. Financial assets and liabilities are measured upon first recognition and reviewed at the financial statement date. Changes in fair value are recognized through profit and loss. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. | ||
Currency Risk | ||
We use the US dollar as our reporting currency. The functional currencies of our significant foreign subsidiaries are the local currency, which includes the Euro, the British pound and the Bulgarian Lev. Accordingly, some assets and liabilities are incurred in those currencies and we are subject to foreign currency risks. | ||
Fair Value Measurements | ||
The Company follows ASC 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. | ||
The Company has adopted ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments. | ||
Cash and cash equivalents | ||
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | ||
Inventories | ||
Pursuant to ASC 330 (Inventories), inventories held for sale are recognized under inventories. Inventories were measured at the lower of cost or market. Cost is determined on a first-in-first out basis, without any overhead component. | ||
Goodwill and other Intangible Assets | ||
Intangible assets predominately comprise goodwill, acquired software and capitalized software development services. Intangible assets acquired in exchange for payment are reflected at acquisition costs. If the development costs can be capitalized per ASC 985-20-25, these are reflected as ascribable personnel and overhead costs. | ||
Company created software can be intended for sale to third parties or used by the Company itself. If the conditions for capitalization are not met, the expenses are recorded with their effect on profit in the year in which they were incurred. | ||
The Company amortizes intangible assets with a limited useful life to the estimated residual book value in accordance with ASC regulations. In addition, in special circumstances according to ASC 350-30, a recoverability test is performed and, if applicable, unscheduled amortization is considered. | ||
The useful life of acquired software is between three and five years and three years for Company created software. | ||
Intangible assets obtained as part of an acquisition which do not meet the criteria for a separate entry are identified as goodwill. Goodwill is reviewed once a year during an impairment test, whereby the appraised fair value of the invested capital of the reporting unit, is compared with the carrying (book) value of its invested capital amount (including goodwill.) Use value is generally applied in order to determine the recoverability of goodwill and intangible assets with an indefinite useful life. The projected financial plan prepared by the management serves as the basis for this determination of use value and the planning assumptions are each adjusted for the current state of knowledge. Reasonable assumptions regarding macroeconomic trends and historical developments are taken into account in making these adjustments. Future estimated cash flows are determined based on the expected growth rates of the markets in question. | ||
If the carrying amount of the reporting unit exceeds the appraised fair value, the impairment based on use value measures the amount of loss, if any, and an unscheduled amortization expense is recorded. If the appraised value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered to be impaired. | ||
Property, Plant and Equipment | ||
Property, plant and equipment are valued at acquisition or manufacturing costs reduced by scheduled and, if necessary, unscheduled depreciation. Fixed assets are depreciated on a straight-line basis, prorated over their expected useful life. Scheduled depreciation for property, plant and equipment is based on useful lives of 3 to 10 years. Leasehold Improvements are depreciated up to 40 years. | ||
If fixed assets are sold, retired or scrapped, the profit or loss arising from the difference between the net sales proceeds and the residual book value are included under other operating earnings and expenses. | ||
Impairment or Disposal of Long-Lived Assets | ||
The Company evaluates the recoverability of its fixed assets and other assets in accordance with ASC topic, 360.10. This guidance requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its’ expected cash flows or appraised value In this instance, the asset is considered to be impaired and is written down to fair value. | ||
Revenue Recognition | ||
Sources of Revenues: | ||
License revenues | ||
Our license revenues consist of revenues earned from the licensing of our software products. These products are generally licensed on a perpetual basis. Pricing models have generally been based either upon the physical infrastructure, such as the number of physical desktop computers or servers, on which our software runs or on a per user basis. License revenues are recognized when the elements of revenue recognition for the licensed software are complete, generally upon electronic shipment of the software and the software key to provide full access to all functionalities for our customers. In general, our invoices reflect license, service and maintenance components. In the case of multi element contracts, the revenues allocated to the software license in most cases represent the residual amount of the contract after the fair value of the other elements has been determined. Certain products of our software offering are licensed on a subscription basis. | ||
Software maintenance revenues | ||
Software maintenance revenues are recognized ratably on a pro-rata basis over the range of the contract period. Our contract periods typically range from one to five years. Vendor-specific objective evidence (“VSOE”) of fair value for software maintenance services is established by the rates charged in stand-alone sales of software maintenance contracts or the stated renewal rate for software maintenance. Customers who are party to software maintenance agreements with us are entitled to receive support, product updates and upgrades on a when-and-if-available basis. | ||
Professional services revenues | ||
Professional services include pre-project consulting, software design, customization, project management, implementation and training. Professional services are not considered essential to the functionality of our products, as these services do not alter the product capabilities and may be performed by our customers or by other vendors. Professional services engagements performed for a fixed fee, for which we are able to make reasonably dependable estimates of progress toward completion, are recognized on a proportional performance basis based on hours incurred and estimated hours of completion. Professional services engagements that are on a time and materials basis are recognized based on hours incurred. Revenues on all other professional services engagements are recognized upon completion. Our professional services may be sold with software products or on a stand-alone basis. Vendor Specific Objective Evidence (VSOE) of fair value for professional services is based upon the standard rates we charge for such services when sold separately. | ||
Foreign Currency Translation | ||
The functional currency of the Company is US dollars. For financial reporting purposes, the financial statements of the subsidiary companies whose functional currency is other than US dollars were translated into US dollars using the current rate method. Assets and liabilities were translated at the exchange rates at the balance sheet dates, revenue and expenses were translated at the average exchange rates and stockholders’ equity was translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of stockholders’ equity. | ||
Other Provisions | ||
According to FASB ASC 450 “Contingencies”, provisions are made whenever there is a current obligation to third parties resulting from a past event which is likely in the future to lead to an outflow of resources and of which the amount can be reliably estimated. Provisions not already resulting in an outflow of resources in the following year are recognized at their discounted settlement amount on the financial statement date. The discount taken is based on market interest rates. The settlement amount also includes the expected cost increases. Provisions are not set off against contribution claims. If the amended estimate leads to a reduction of the obligatory amount, the provision is proportionally reversed and the earnings are recognized in other operating earnings. | ||
Deferred Taxes | ||
Income taxes are provided in accordance with FASB Codification topic 740, “Accounting for Income Taxes”. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss-carry forwards. | ||
Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that, that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. | ||
Recent Accounting Pronouncements | ||
In July 2012, the FASB issued ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment. With the objective of reducing the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-loved asset categories. The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles – Goodwill and Other – General Intangibles Other than Goodwill. The more-likely-than-not threshold is defined as having the likelihood of more than 50 percent. The amendments are effective for annual and interim impairment tests performed beginning April 1, 2013. Adoption of this new standard is not expected to have significant impact to the Company’s financial statement. | ||
Off - Balance Sheet Arrangements | ||
We have not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholder’s equity or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us. | ||
Principles of Consolidation and Reverse Merger | ||
As previously disclosed, the Company has exchanged a total of 5,405,411 shares of common stock in exchange for 50.1% of the outstanding common shares of GROUP. Although the Company was the legal acquirer, the transaction was accounted for as a recapitalization of GROUP in the form of a reverse merger, whereby GROUP became the accounting acquirer and is deemed to have retroactively adopted the capital structure of the Company. Accordingly, the accompanying consolidated financial statements reflect the historical consolidated financial statements of GROUP for periods presented prior to January 6, 2011. All costs associated with the reverse merger transaction were expensed as incurred. Those expenses totaled approximately $300,000 and were included in professional fees in administrative expenses. | ||
The Company has based its financial reporting for the consolidation with GROUP in accordance with the FASB ASC 805-40 as it relates to reverse acquisitions. Goodwill has been measured as the excess of the fair value of the consideration effectively transferred by the Company, the acquiree, for financial reporting purposes, over the net amount of the Company’s recognized identifiable assets and liabilities. | ||
We have recorded the acquired assets and liabilities of Group Business Software Enterprises, Inc. on the acquisition date of January 6, 2011, at their fair value and the operations of Group Business Software Enterprises, Inc. have been included in the consolidated financial statements since the acquisition date. | ||
The assets and liabilities of GROUP, the acquirer for financial reporting purposes, are measured and recognized in the consolidated financial statements at their precombination carrying amounts in accordance with ASC 805-40-45-2(a). Therefore, the non-controlling interest reflects the non-controlling shareholders’ proportionate interest in the pre-combination carrying amounts of GROUP’s net assets even though the non-controlling interests in other acquisitions are measured at their fair values at the acquisition date. | ||
CHANGE_IN_ACCOUNTING_POLICIES
CHANGE IN ACCOUNTING POLICIES | 12 Months Ended | ||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||
Change In Accounting Policies [Abstract] | ' | ||||||||||||||||
CHANGE IN ACCOUNTING POLICIES | ' | ||||||||||||||||
Note 3 CHANGE IN ACCOUNTING POLICIES | |||||||||||||||||
Fiscal reporting | |||||||||||||||||
Effective September 19, 2012, the Company changed its fiscal year end from March 31 to December 31. Prior to this change, the company’s subsidiaries, with the exception of SD Holdings, had fiscal year ends of December 31 and in reporting its financial statements, the Company, through the use of Regulation S-X Rule 3A-02 (“the 93 day rule”), consolidated those subsidiaries without any adjustments for timing differences in the period ends. This application was in error. With the change in year end, the Company retroactively adjusted previously released financial statements to reflect this change beginning December 31, 2010. Accordingly, the financial statements for the year ended December 31, 2012 and 2011, include the accounts of all consolidated companies for the same twelve month period beginning January 1, 2012 and 2011 respectively. The Balance Sheets as at December 31, 2012 and December 31, 2011 have also been adjusted to include the accounts of all consolidated companies as of those dates. | |||||||||||||||||
This is the second restatement of the December 31, 2012 financials. | |||||||||||||||||
In accordance with ASC 250, effects of this restatement to the respective statements are shown below: | |||||||||||||||||
For the twelve months ended | |||||||||||||||||
10K/A - 2 | 10K/A - 1 | 10K | 10K/A - 2 & | 10K/A - 1 & 10K | |||||||||||||
Restated | Restated | Original | 10K/A - 1 | Original | |||||||||||||
December 31, 2012 | December 31, 2012 | December 31, 2012 | Difference | Difference | |||||||||||||
$ | $ | $ | $ | $ | |||||||||||||
Assets | |||||||||||||||||
Current Assets | |||||||||||||||||
Cash and cash equivalents | 1,154,602 | 1,154,602 | -4,159,318 | 0 | 5,313,920 | ||||||||||||
Accounts receivable | 4,143,448 | 4,143,448 | 4,914,640 | 0 | -771,192 | ||||||||||||
Inventories | 0 | 0 | |||||||||||||||
Prepaid expenses | 84,304 | 84,304 | 160,095 | 0 | -75,791 | ||||||||||||
Other receivables | 676,976 | 676,976 | 676,976 | 0 | 0 | ||||||||||||
Assets held for sale | 384,862 | 384,862 | 2,231,507 | 0 | -1,846,645 | ||||||||||||
Total current assets | 6,444,192 | 6,444,192 | 9,137,820 | 0 | -2,693,628 | ||||||||||||
Assets held for sale | 1,846,645 | 1,846,645 | 0 | 0 | 1,846,645 | ||||||||||||
Property, plant and equipment | 332,839 | 332,839 | 332,839 | 0 | 0 | ||||||||||||
Other non-current receivables | 428,422 | 428,422 | 428,421 | 0 | 1 | ||||||||||||
Deferred tax assets | 1,132,103 | 1,132,103 | 4,823,871 | 0 | -3,691,768 | ||||||||||||
Goodwill | 34,254,881 | 34,254,881 | 36,206,460 | 0 | -1,951,579 | ||||||||||||
Software | 12,207,031 | 12,207,031 | 13,724,170 | 0 | -1,517,139 | ||||||||||||
Other assets | 156,379 | 156,379 | 156,379 | 0 | 0 | ||||||||||||
Total non-current assets | 50,358,300 | 50,358,300 | 55,672,140 | 0 | -5,313,840 | ||||||||||||
Total assets | 56,802,492 | 56,802,492 | 64,809,961 | 0 | -8,007,469 | ||||||||||||
Liabilities and shareholders' equity | |||||||||||||||||
Current liabilities | |||||||||||||||||
Notes payable | 1,277,407 | 2,313,572 | 0 | -1,036,165 | 2,313,572 | ||||||||||||
Liabilities to banks | 6,774 | 6,774 | 6,774 | 0 | 0 | ||||||||||||
Accounts payable and accrued liabilities | 6,241,733 | 6,241,733 | 10,846,650 | 0 | -4,604,917 | ||||||||||||
Other liabilities | 860,032 | 860,032 | 860,032 | 0 | 0 | ||||||||||||
Deferred income | 6,099,570 | 6,099,570 | 6,099,570 | 0 | 0 | ||||||||||||
Due to related parties | 3,152,034 | 2,115,869 | 48,068 | 1,036,165 | 2,067,801 | ||||||||||||
Liability held for sale | 589,634 | 589,634 | 749,532 | 0 | -159,898 | ||||||||||||
Total current liabilities | 18,227,184 | 18,227,184 | 18,610,626 | 0 | -383,442 | ||||||||||||
Liabilities to banks | 3,716,102 | 3,716,102 | 3,716,101 | 0 | 1 | ||||||||||||
Deferred tax liabilities | 0 | 0 | 874,551 | 0 | -874,551 | ||||||||||||
Retirement benefit obligation | 165,876 | 165,876 | 165,876 | 0 | 0 | ||||||||||||
Liability held for sale | 159,898 | 159,898 | 0 | 0 | 159,898 | ||||||||||||
Total non-current liabilities | 4,041,876 | 4,041,876 | 4,756,528 | 0 | -714,652 | ||||||||||||
Total liabilities | 22,269,060 | 22,269,060 | 23,367,154 | 0 | -1,098,094 | ||||||||||||
Shareholders' equity | |||||||||||||||||
Capital Stock | |||||||||||||||||
Authorized: | |||||||||||||||||
75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | |||||||||||||||||
Issued and outstanding | |||||||||||||||||
29,462 | 29,462 | 29,462 | 0 | 0 | |||||||||||||
Additional paid in capital | 49,691,195 | 49,691,195 | 49,391,663 | 0 | 299,532 | ||||||||||||
Accumulated deficit | -18,974,582 | -18,974,582 | -15,706,308 | 0 | -3,268,274 | ||||||||||||
Other comprehensive income | 442,841 | 442,841 | 313,139 | 0 | 129,702 | ||||||||||||
Total shareholders' equity | 31,188,916 | 31,188,916 | 34,027,957 | 0 | -2,839,041 | ||||||||||||
Noncontrolling interest in subsidiaries | 3,344,516 | 3,344,516 | 7,414,850 | 0 | -4,070,334 | ||||||||||||
Total equity and liabilities | 56,802,492 | 56,802,492 | 64,809,961 | 0 | -8,007,469 | ||||||||||||
Explanations to above changes: 10K-A No. 1 Compared to 10K as Originally Filed | |||||||||||||||||
Balance Sheet | |||||||||||||||||
Line Item | Explanation of Difference | ||||||||||||||||
Cash and cash equivalents | Inadvertent printing error | ||||||||||||||||
Accounts receivable | Reclassification to Goodwill ($700k) and bad debt expense($71k) | ||||||||||||||||
Prepaid expenses | Reclassification to Accounts payable ($76k) | ||||||||||||||||
Assets held for sale | Reclassification to Non-current assets held for sale ($1847k) | ||||||||||||||||
Other non-current receivables | Rounding | ||||||||||||||||
Deferred tax assets | Reclassification to Tax expense (Income) | ||||||||||||||||
Goodwill | Reclassification of $700K from Accounts receivable; ($90k) to Other income; ($2,561k) to write down of goodwill | ||||||||||||||||
Software | Reclassification to Intangible write down ($1,517k) | ||||||||||||||||
Notes payable | Reclassification from Accounts payable ($2,314k) | ||||||||||||||||
Accounts payable and accrued liabilities | Reclassification to Notes payable ($2,314k); prepaid expenses ($76k); legal ($76k); Due to related parties ($2,067k); audit expense ($72k) | ||||||||||||||||
Due to related parties | Reclassification from Accounts payable ($2,067k) | ||||||||||||||||
Liability held for sale | Reclassification to long term liabilities held for sale | ||||||||||||||||
Liabilities to banks | Rounding | ||||||||||||||||
Deferred tax liabilities | Reclassification of tax assets | ||||||||||||||||
Liability held for sale | Reclassification from short term liabilities held for sale | ||||||||||||||||
Additional paid in capital | Reclassification of interest expense ($27K); administrative expenses through warrants ($ 272k) | ||||||||||||||||
Accumulated Deficit | Reclassification from Other Income/Expense ($3,268k) | ||||||||||||||||
Explanations to above changes: 10K-A No. 2 Compared to 10K-A No. 1 | |||||||||||||||||
Balance Sheet | |||||||||||||||||
Line Item | Explanation of Difference | ||||||||||||||||
Notes payable | Reclassification to Due to related parties ($1,036k) | ||||||||||||||||
Due to related parties | Reclassification from Notes payable ($1,036k) | ||||||||||||||||
For the twelve months ended | |||||||||||||||||
10K/A - 2 | 10K/A - 1 | 10K | 10K/A - 2 & | 10K/A - 1 & 10K | |||||||||||||
Restated | Restated | Original | 10K/A - 1 | Original | |||||||||||||
December 31, 2012 | December 31, 2012 | December 31, 2012 | Difference | Difference | |||||||||||||
$ | $ | $ | $ | $ | |||||||||||||
Revenues | |||||||||||||||||
Products | 21,195,435 | 21,195,435 | 21,266,627 | 0 | -71,192 | ||||||||||||
Services | 4,540,349 | 4,540,349 | 4,540,349 | 0 | 0 | ||||||||||||
25,735,784 | 25,735,784 | 25,806,976 | 0 | -71,192 | |||||||||||||
Cost of goods sold | |||||||||||||||||
Products | 5,638,228 | 5,638,228 | 5,638,228 | 0 | 0 | ||||||||||||
Services | 8,976,846 | 8,976,846 | 8,711,016 | 0 | 265,830 | ||||||||||||
14,615,074 | 14,615,074 | 14,349,245 | 0 | 265,829 | |||||||||||||
Gross profit | 11,120,710 | 11,120,710 | 11,457,731 | 0 | -337,021 | ||||||||||||
Operating expenses | |||||||||||||||||
Selling expenses | 12,102,534 | 12,102,534 | 12,102,534 | 0 | 0 | ||||||||||||
Administrative expenses | 5,962,875 | 5,962,875 | 5,837,796 | 0 | 125,079 | ||||||||||||
General expenses | 1,500,086 | 1,500,086 | 4,458,185 | 0 | -2,958,099 | ||||||||||||
19,565,495 | 19,565,495 | 22,398,515 | 0 | -2,833,020 | |||||||||||||
Operating Loss | -8,444,785 | -8,444,785 | -10,940,783 | 0 | 2,495,998 | ||||||||||||
Other Income (Expense) | |||||||||||||||||
Other income (expense) | -1,054,734 | -1,054,734 | 5,806,253 | 0 | -6,860,987 | ||||||||||||
Interest income | 3,027 | 3,027 | 3,027 | 0 | 0 | ||||||||||||
Interest expense | -480,086 | -480,086 | -453,386 | 0 | -26,700 | ||||||||||||
-1,531,793 | -1,531,793 | 5,355,894 | 0 | -6,887,687 | |||||||||||||
Loss before income taxes | -9,976,578 | -9,976,578 | -5,584,889 | 0 | -4,391,689 | ||||||||||||
Income tax (income) expense | 1,432,252 | 1,432,252 | -1,384,965 | 0 | 2,817,217 | ||||||||||||
Net Loss | -11,408,830 | -11,408,830 | -4,199,924 | 0 | -7,208,906 | ||||||||||||
Discontinued operations (net of tax) | 40,607 | 40,607 | 40,607 | 0 | 0 | ||||||||||||
Net Loss attributable to non controlling interest | -4,541,307 | -4,541,307 | -600,676 | 0 | -3,940,631 | ||||||||||||
Net Loss attributable to shareholders | -6,826,916 | -6,826,916 | -3,612,971 | 0 | -3,213,945 | ||||||||||||
Other Comprehensive Loss | -102,525 | -102,525 | -108,443 | 0 | 5,918 | ||||||||||||
Total Comprehensive Loss attributable to stockholders | -6,878,281 | -6,878,281 | -3,612,971 | 0 | -3,265,310 | ||||||||||||
Basic and diluted loss per share | -0.233 | -0.233 | -0.123 | 0 | 0 | ||||||||||||
Weighted average number of shares outstanding | 29,461,664 | 29,461,664 | 29,461,664 | 0 | 0 | ||||||||||||
Explanations to above changes: 10K-A No. 1 Compared to 10K as Originally Filed | |||||||||||||||||
Income Statement | |||||||||||||||||
Line Item | Explanation of Difference | ||||||||||||||||
Revenues - Product | Reclassification from Accounts receivable – bad debt expense ($71k) | ||||||||||||||||
Cost of goods sold - Service | Correction to capitalized labor costs ($265k) | ||||||||||||||||
Administrative expenses | Reclassification from Additional Paid-In ($272k); Reclassification to Accounts payable ($147k) | ||||||||||||||||
Other Income (expense) | Reclassification to Accumulated Deficit ($3,268k); | ||||||||||||||||
Interest expense | Reclassification from Additional Paid-In Capital ($27k) | ||||||||||||||||
Income tax (income) expense | Reclassification from Deferred tax assets ($3,692k) and Deferred tax liabilities ($875k) | ||||||||||||||||
For the twelve months ended | |||||||||||||||||
10K/A - 2 | 10K/A - 1 | 10K | 10K/A - 2 & | 10K/A - 1 & 10K | |||||||||||||
Restated | Restated | Original | 10K/A - 1 | Original | |||||||||||||
December 31, 2012 | December 31, 2012 | December 31, 2012 | Difference | Difference | |||||||||||||
$ | $ | $ | $ | $ | |||||||||||||
Cash flow from operating activities | |||||||||||||||||
Net loss / net income | -11,368,223 | -11,368,223 | -4,159,318 | 0 | -7,208,905 | ||||||||||||
Income from discontinued operations | -40,607 | 0 | 0 | -40,607 | 0 | ||||||||||||
Adjustments | |||||||||||||||||
Deferred income taxes | 1,319,697 | 1,319,697 | -556,679 | 0 | 1,876,376 | ||||||||||||
Depreciation and amortization | 4,148,915 | 4,816,098 | 4,816,098 | -667,183 | 0 | ||||||||||||
Loss from equity investment | 227,781 | 244,219 | 46,754 | 0 | 197,465 | ||||||||||||
Consulting Expense | 272,832 | 0 | 0 | 272,832 | 0 | ||||||||||||
Write-down of Intangibles | 1,517,139 | 0 | 0 | 1,517,139 | 0 | ||||||||||||
Minority interest losses | 0 | -4,541,307 | -600,676 | 4,541,307 | -3,940,631 | ||||||||||||
Interest Expense | 26,700 | 0 | 0 | 26,700 | 0 | ||||||||||||
Foreign exchange | |||||||||||||||||
Changes in operating assets and liabilities | |||||||||||||||||
Accounts receivable and other assets | 1,073,620 | 953,133 | 536,124 | 120,487 | 417,009 | ||||||||||||
Retirement benefit obligation | 15,244 | 15,244 | -15,244 | 0 | 30,488 | ||||||||||||
Inventories | 236,712 | 236,712 | 263,712 | 0 | -27,000 | ||||||||||||
Accounts payable and other liabilities | -5,737,266 | 2,539,440 | 1,181,226 | -8,276,706 | 1,358,214 | ||||||||||||
Net cash provided by operating activities | -8,307,406 | -5,784,987 | 1,484,997 | -2,522,469 | -7,269,984 | ||||||||||||
Net cash provided (used) by discontinued | 70,661 | 0 | 0 | 70,661 | 0 | ||||||||||||
Cash flow from investing activities | |||||||||||||||||
(Increase) Decrease of intangible assets | -3,378,072 | -3,516,593 | -3,516,593 | 138,521 | 0 | ||||||||||||
(Increase) Decrease of property, plant and equipment | -56,262 | -189,137 | -56,262 | 132,875 | -132,875 | ||||||||||||
(Purchase) Sale of subsidiaries | 1,020,500 | 2,498,257 | 2,498,257 | -1,477,757 | 0 | ||||||||||||
(Increase) Decrease in Financial assets | 3,946,222 | -416,357 | 278,676 | 4,362,579 | -695,033 | ||||||||||||
Purchase of financial assets | 0 | 0 | |||||||||||||||
Net cash used in investing activities | 1,532,388 | -1,623,830 | -795,922 | 3,156,218 | -827,908 | ||||||||||||
Cash flow from financing activities | |||||||||||||||||
Net borrowings - banks | 239,798 | -239,798 | -237,797 | 479,596 | -2,001 | ||||||||||||
Other borrowings | -104,414 | 3,392,208 | 2,273,737 | -3,496,622 | 1,118,471 | ||||||||||||
Net Borrowings from related party | 2,719,613 | 0 | 0 | 2,719,613 | 0 | ||||||||||||
Capital paid in | 1,947,500 | 2,244,877 | -2,065,692 | -297,377 | 4,310,569 | ||||||||||||
Net cash used in financing activities | 4,802,497 | 5,397,287 | 215,720 | -594,790 | 5,181,567 | ||||||||||||
Effect of exchange rate changes on cash | -85,796 | -84,689 | -84,689 | -1,107 | 0 | ||||||||||||
Net increase in cash | -1,987,706 | -2,096,219 | -2,096,220 | 108,513 | 1 | ||||||||||||
Cash and cash equivalents - Beginning of the period | 3,142,308 | 3,250,821 | 3,250,821 | -108,513 | 0 | ||||||||||||
Cash and cash equivalents - End of period | 1,154,602 | 1,154,602 | 1,154,602 | 0 | 0 | ||||||||||||
Explanations to above changes: | |||||||||||||||||
Changes to the Statement of Cash Flows upon restatement are directly attributable to changes noted in the Balance Sheet and Statement of Operations. The exception is that the restatement discloses separately the cash flows from discontinued operations. | |||||||||||||||||
SUBSIDIARY_COMPANIES
SUBSIDIARY COMPANIES | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||||||
Subsidiary Companies [Abstract] | ' | ||||||||||||||||||||
SUBSIDIARY COMPANIES | ' | ||||||||||||||||||||
Note 4 | SUBSIDIARY COMPANIES | ||||||||||||||||||||
The subsidiaries listed below were included in the basis of consolidation (KUSD =,000’s of US Dollars): | |||||||||||||||||||||
Stockholders' | Percentage of | Profit | Date | ||||||||||||||||||
Equity | of the | ||||||||||||||||||||
as of | |||||||||||||||||||||
12.31.12 | Subscribed Capital | consolidated year | of the | ||||||||||||||||||
Subsidiary | Headquarters | KUSD | KUSD | in % | Ownership | KUSD | First Consolidation | ||||||||||||||
GROUP Business Software (UK) Ltd. | Manchester | -1,334 | 24 | 1 | I | -66 | 12/31/05 | ||||||||||||||
GROUP Business Software Corp. | Woodstock | -12,328 | 1 | 1 | I | -4,367 | 12/31/05 | ||||||||||||||
Permessa Corporation | Waltham | 10 | 0 | 1 | I | 682 | 9/22/10 | ||||||||||||||
Relavis Corporation | Woodstock | -819 | 2 | 1 | I | -10 | 1/8/07 | ||||||||||||||
GROUP Business Software AG | Eisenach | 23,897 | 35,658 | 1 | I | -655 | 6/1/11 | ||||||||||||||
Pavone GmbH | Boeblingen | -1,223 | 44 | 1 | D | -503 | 1/4/11 | ||||||||||||||
Groupware Inc. | Woodstock | -482 | 1 | 1 | D | 0 | 1/6/11 | ||||||||||||||
IDC Global, Inc. | Chicago | 2,442 | 0 | 1 | D | 128 | 7/25/11 | ||||||||||||||
GBS India | Chennai | 101 | 14 | 1 | D | 89 | 9/30/12 | ||||||||||||||
D - Direct Subsidiary | |||||||||||||||||||||
I - Indirect Subsidiary | |||||||||||||||||||||
The above table reflects the individual companies owned at period end. | |||||||||||||||||||||
CASH_AND_CASH_EQUIVALENTS
CASH AND CASH EQUIVALENTS | 12 Months Ended | |
Dec. 31, 2012 | ||
Cash and Cash Equivalents [Abstract] | ' | |
CASH AND CASH EQUIVALENTS | ' | |
Note 5 | CASH AND CASH EQUIVALENTS | |
As of the financial statement date, the Company’s cash and cash equivalents totaled 1,155 KUSD (December 31, 2011 restated year end: 3,142 KUSD). Included in that amount are cash equivalents of 3 KUSD (December 31, 2011 restated year end: 12 KUSD). | ||
ACCOUNTS_RECEIVABLE
ACCOUNTS RECEIVABLE | 12 Months Ended | |
Dec. 31, 2012 | ||
Receivables [Abstract] | ' | |
ACCOUNTS RECEIVABLE | ' | |
Note 6 | ACCOUNTS RECEIVABLE | |
As of the financial statement date, Accounts Receivable was 4,143 KUSD (December 31, 2011 restated year end: 4,851 KUSD). Receivables are generally measured at their nominal value and taking into account all foreseeable risks. Probable default risks are handled with specific allowances for bad debts. With regard to the trade receivables which are neither impaired nor delinquent, there are no indications as of the financial statement date that the debtors will not meet their payment obligations. | ||
PREPAID_EXPENSES
PREPAID EXPENSES | 12 Months Ended | |
Dec. 31, 2012 | ||
Prepaid Expenses [Abstract] | ' | |
PREPAID EXPENSES | ' | |
Note 7 | PREPAID EXPENSES | |
Prepaid expenses in the amount of 84 KUSD were primarily recorded for prepaid rent and advance on technological collaboration events (December 31, 2011 restated year end: 390 KUSD). | ||
OTHER_RECEIVABLES_CURRENT
OTHER RECEIVABLES - CURRENT | 12 Months Ended | |
Dec. 31, 2012 | ||
Other Receivables - Current [Abstract] | ' | |
OTHER RECEIVABLES - CURRENT | ' | |
Note 8 | OTHER RECEIVABLES - CURRENT | |
Other Receivables as of the financial statement date were 677 KUSD (December 31, 2011 year end: 681 KUSD). The largest individual item under other receivables represents a receivable from a previous insolvency (469 KUSD). Also included are tax assets (177 KUSD) and other prepaid costs (31 KUSD). | ||
ASSETS_AND_LIABILITIES_HELD_FO
ASSETS AND LIABILITIES HELD FOR SALE | 12 Months Ended | |||||||
Dec. 31, 2012 | ||||||||
Asset Held For Resale [Abstract] | ' | |||||||
ASSETS HELD FOR RESALE | ' | |||||||
Note 9 | ASSETS AND LIABILITIES HELD FOR SALE | |||||||
In September, 2012, the Board of Directors approved the concept of selling of IDC Global Inc. Accordingly, the assets and liabilities of the Company have been classified as available for sale as the requirements for doing so under FASB ASC 205-20-45-1 are met. | ||||||||
On February 1, 2013 IDC Global Inc. ("IDC“), entered into a Stock Purchase Agreement, with Global Telecom & Technology Americas, Inc., a Virginia corporation (“GTT”). GTT is a publicly traded (GTLT:OTC US) cloud network provider. Pursuant to the Agreement, the Company sold 100% of the issued and outstanding shares of capital stock of IDC (the “IDC Shares”) to GTT for an aggregate purchase price of $4,600,000 in cash. | ||||||||
Summarized financial information for balance sheet disclosure is shown below. | ||||||||
Balance Sheet | 2012 | 2011 | ||||||
$ | $ | |||||||
Current assets | ||||||||
Cash and cash equivalents | 86,438 | 132,620 | ||||||
Accounts Receivable | 214,953 | 156,687 | ||||||
Prepaid expenses | 5,438 | 54,375 | ||||||
Other receivables | 78,033 | 339,317 | ||||||
Assets held for sale | 384,862 | 682,999 | ||||||
Non - current assets | ||||||||
Property, plant and equipment | 1,315,572 | 1,083,018 | ||||||
Deferred tax assets | 297,000 | 297,000 | ||||||
Software | 5,261 | 8,705 | ||||||
Other assets | 228,812 | - | ||||||
Assets held for sale | 1,846,645 | 1,388,723 | ||||||
Current liabilities | ||||||||
Accounts payables and accrued liabilities | 322,527 | 415,854 | ||||||
Deferred income | 79,886 | 4,170 | ||||||
Other liabilities | 187,221 | 135,007 | ||||||
Liability held for sale | 589,635 | 555,031 | ||||||
Non - current liabilities | ||||||||
Other liabilities | 159,898 | 7,662 | ||||||
Liability held for sale | 159,898 | 7,662 | ||||||
On April 1, 2012, the Company sold SD Holdings, Ltd. (“SYN”), Synaptris and Synaptris India to Lotus Holding, Ltd. for a purchase price of $1,877,232 in an effort to restructure the Company’s multilevel subsidiary-structure derived from historical mergers and acquisitions, and to reduce overhead and administrative costs. | ||||||||
The results of operations have been classified as income from discontinued operations on the statement of operations and the statement of cash flows for SD Holdings, Ltd. and IDC Global, Inc. as follows: | ||||||||
For the twelve months | ||||||||
ended | ||||||||
12/31/12 | ||||||||
SD Holdings, Ltd. | -25,001 | |||||||
IDC Global, Inc. | 65,608 | |||||||
Income from discontinued operations | 40,607 | |||||||
PROPERTY_PLANT_AND_EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
PROPERTY, PLANT AND EQUIPMENT | ' | ||||||||
Note 10 PROPERTY, PLANT AND EQUIPMENT | |||||||||
Property, plant and equipment are measured at cost less scheduled straight-line depreciation. | |||||||||
Depreciation of the computer hardware listed as office equipment is distributed over a period of three to five years. The depreciation period for other office equipment is three to ten years. Office furnishings are depreciated over a period of eight to ten years. Leasehold Improvements are depreciated up to 40 years. | |||||||||
Property, Plant and | Development | Development | Balance | ||||||
Equipment | of the cost | of | |||||||
kUSD | accumulated | ||||||||
depreciation | |||||||||
Restated 12/31/2011 | 8,460 | 7,938 | 522 | ||||||
Additions | 280 | 339 | |||||||
Disposals | -1,411 | -208 | |||||||
Currency differences | 118 | 110 | |||||||
Reclassifications | -240 | -1,305 | |||||||
Restated 12/31/2012 | 7,207 | 6,874 | 333 | ||||||
NONOPERATING_RECEIVABLES
NON-OPERATING RECEIVABLES | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Other Assets, Noncurrent [Abstract] | ' | |||||
NON-OPERATING RECEIVABLES | ' | |||||
Note 11 NON-OPERATING RECEIVABLES | ||||||
The major components of the Non-Operating Receivables include the following: | ||||||
KUSD | KUSD | |||||
Restated | Restated | |||||
12/31/12 | 12/31/11 | |||||
Receivable from sale of GEDYS IntraWare GmbH | ||||||
Balance outstanding, payable in monthly installments of $20,006, bearing interest at prime plus .25%, not be greater than 2% per annum | 0 | 777 | ||||
Current portion, included in other current receivables | 0 | 233 | ||||
0 | 544 | |||||
Cooperative shares | 1 | 0 | ||||
Other long term receivables | 427 | 5 | ||||
Balance | 428 | 549 | ||||
GOODWILL
GOODWILL | 12 Months Ended | ||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
GOODWILL | ' | ||||||||||||||||
Note 12 GOODWILL | |||||||||||||||||
Goodwill derives from the following business acquisitions: | |||||||||||||||||
December 31, 2012 | 1/1/12 | Additions | Adjustments | Written | 12/31/12 | ||||||||||||
Off | |||||||||||||||||
GROUP Business Software AG | 20,194.40 | 0 | -1,768.80 | 0 | 18,425.60 | ||||||||||||
GROUP Business Software Corp | 2,177.50 | 0 | 0 | 2,177.50 | 0 | ||||||||||||
GROUP Live N.V. | 0 | 0 | 0 | 0 | 0 | ||||||||||||
GROUP Business Software Ltd. | 2,765.10 | 0 | 0 | 0 | 2,765.10 | ||||||||||||
EbVokus Software GmbH | 443.6 | 0 | 0 | 443.6 | 0 | ||||||||||||
Relavis Corporation | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Permessa Corporation | 2,387.40 | 0 | 0 | 0 | 2,387.40 | ||||||||||||
Pavone GmbH | 5,950.50 | 0 | 0 | 0 | 5,950.50 | ||||||||||||
IDC Global Inc. | 2,994.40 | 0 | 0 | 0 | 2,994.40 | ||||||||||||
SD Holdings | 2,308.70 | 0 | 0 | 2,308.70 | 0 | ||||||||||||
GBS India | 0 | 1,731.80 | 0 | 0 | 1,731.80 | ||||||||||||
Totals | 39,221.60 | 1,731.80 | -1,768.80 | 4,929.80 | 34,254.90 | ||||||||||||
December 31, 2011 | 1/1/11 | Additions | Adjustments | Written | 12/31/11 | ||||||||||||
Off | |||||||||||||||||
GROUP Business Software AG | 14,597.30 | 8,705.50 | 0 | 3,108.40 | 20,194.40 | ||||||||||||
GROUP Business Software Corp | 2,177.50 | 0 | 0 | 0 | 2,177.50 | ||||||||||||
GROUP Live N.V. | 1,324.20 | 0 | 0 | 1,324.20 | 0 | ||||||||||||
GROUP Business Software Ltd. | 2,765.10 | 0 | 0 | 0 | 2,765.10 | ||||||||||||
EbVokus Software GmbH | 443.6 | 0 | 0 | 0 | 443.6 | ||||||||||||
Relavis Corporation | 7,288.30 | 0 | 0 | 7,288.30 | 0 | ||||||||||||
Permessa Corporation | 2,387.40 | 0 | 0 | 0 | 2,387.40 | ||||||||||||
Pavone GmbH | 0 | 5,950.50 | 0 | 0 | 5,950.50 | ||||||||||||
IDC Global Inc. | 0 | 2,994.40 | 0 | 0 | 2,994.40 | ||||||||||||
SD Holdings | 0 | 2,308.70 | 0 | 0 | 2,308.70 | ||||||||||||
Totals | 30,983.40 | 19,959.10 | 0 | 11,720.90 | 39,221.60 | ||||||||||||
During the year ended December 31, 2012, the Company sold SD Holdings, Ltd., and the operating assets of ebVokus GmbH, the effect of which was to reduce the goodwill associated with these subsidiaries. | |||||||||||||||||
The adjustment in GROUP Business Software AG arose as a result of the swap of liabilities into equity. | |||||||||||||||||
An impairment charge in 2012 arose as a result of repositioning GROUP Business Software Corp. and a recognition that previous capitalizations were no longer applicable. | |||||||||||||||||
Also in early 2012, the Company focused on the then emerging modernization and migration market in general but with a specific concentration towards the IBM Lotus Notes/Domino portion of the market. There was a particular geographic orientation on addressing the needs of the North America segment of that market. Strategically, the Company utilized the Transformer technology and a variety of associated analytic tools to position itself in the market. This technology represents the major portion of the Company’s total development expenses of $10.2 million in 2012. In order to align the intangible assets of the company with the fast changing market, management decided to write off the Goodwill in GBS Corp., which is associated to the classical core business entirely in the amount of $2.8 million, and to write off the capitalized development through 1/1/12 on the former Transformer technology in the amount of 1,569 KUSD. | |||||||||||||||||
INTANGIBLE_ASSETS
INTANGIBLE ASSETS | 12 Months Ended | |||||||
Dec. 31, 2012 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
INTANGIBLE ASSETS | ' | |||||||
Note 13 | INTANGIBLE ASSETS | |||||||
Software Development costs | ||||||||
The costs of developing new software products and updating products already marketed by the Company are generally recognized as expenses in the period in which they arise. Provided they meet the conditions for capitalization as per FASB ASC 985-20-25, they are capitalized. Capitalized development costs can be attributed to the defined products. These products are technically realizable and there is a target market for them. | ||||||||
The development costs arising in the reporting period result from the personnel costs attributed to the development work as well as overhead costs, provided that these are related to the development work and do not represent general administrative costs. The ascribable overhead costs are directly recognized. | ||||||||
Capitalized development costs are generally amortized over a period of three years starting with the date of marketability of the new products or major releases. | ||||||||
Concessions, Industrial Property Rights, Licenses | ||||||||
The intangible financial assets carried in this item are licenses acquired in exchange for payment. | ||||||||
These financial assets are measured at acquisition cost less scheduled straight-line amortization. The assets added in the scope of the cost price allocation of the business divisions acquired this year. | ||||||||
The useful life spans were based uniformly throughout the Company according to those used by the parent company. Scheduled amortization is performed over a period from three to ten years. | ||||||||
The useful life of the domain “gbs.com”, was estimated as unlimited. This is because no other legal, contractual or other factors exist which would limit its useful life. It is not systematically amortized, but rather annually. Should there exist signs indicating towards impairment it is tested for recoverability and, if necessary, written down to the amount which could be obtained for it if sold. | ||||||||
Amortization of concessions, industrial property and similar rights and assets, as well as licenses to such rights and assets are presented in the profit and loss statement under "Depreciation and Amortization." | ||||||||
Concessions and licenses | Development of | Development of | Balance | |||||
kUSD | the cost | accumulated | ||||||
depreciation | ||||||||
Restated 12/31/2011 | 33,085.10 | 18,835.20 | 14,249.90 | |||||
Additions | 1,269.30 | 1,266.20 | ||||||
Disposals | -244.5 | -5.8 | ||||||
Currency differences | 895.2 | 736.1 | ||||||
Reclassifications | -715.9 | - | ||||||
Impairment charge | -1,250.50 | - | ||||||
Restated 12/31/2012 | 33,038.70 | 20,831.70 | 12,207.00 | |||||
OTHER_ASSETS
OTHER ASSETS | 12 Months Ended | |
Dec. 31, 2012 | ||
Other Assets [Abstract] | ' | |
OTHER ASSETS | ' | |
Note 14 | OTHER ASSETS | |
This includes of 156 KUSD primarily from rent and other security deposits (December 31, 2011 restated year end: 93 KUSD). | ||
NOTES_PAYABLE
NOTES PAYABLE | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Notes Payable [Abstract] | ' | |||||||||||||||||
NOTES PAYABLE | ' | |||||||||||||||||
Note 15 | NOTES PAYABLE | |||||||||||||||||
A breakdown of the Notes Payable of $1,277,407 as of December 31, 2012 (December 31, 2011 restated year end: $1,381,821) is as follows: | ||||||||||||||||||
Related | Unrelated | |||||||||||||||||
Date of | Interest | Party | Party | |||||||||||||||
Lender | Loan | Principal | Accrued | Total | Loan | Loan | Due Date | |||||||||||
$ | $ | $ | ||||||||||||||||
Director | 7/5/12 | 50,000 | 2,084 | 52,084 | 52,084 | 1/5/13 | ||||||||||||
Unrelated Investor | 7/5/12 | 250,000 | 10,421 | 260,421 | 260,421 | 1/5/13 | ||||||||||||
Director | 7/5/12 | 252,500 | 10,526 | 263,026 | 263,026 | 1/5/13 | ||||||||||||
Director | 8/13/12 | 1,000,000 | 76,712 | 1,076,712 | 1,076,712 | 8/13/13 | ||||||||||||
Director | 10/26/12 | 1,000,000 | 36,165 | 1,036,165 | 1,036,165 | 10/26/13 | ||||||||||||
Unrelated Investor | 11/30/12 | 500,000 | 8,493 | 508,493 | 508,493 | 11/30/13 | ||||||||||||
Unrelated Investor | 11/30/12 | 500,000 | 8,493 | 508,493 | 508,493 | 11/30/13 | ||||||||||||
Total | 3,552,500 | 152,894 | 3,705,394 | 2,427,987 | 1,277,407 | |||||||||||||
· | On July 5, 2012, the Company entered into three separate unsecured convertible promissory notes, for a total of $552,500 bearing interest at 8.5% and due January 5, 2013. The conversion options were not exercised. Two of the investors were directors. The Company also issued common stock purchase warrants, entitling the holders to purchase 550,000 shares of common stock at $1.00 for a period of 3 years from issuance. The discounted value of the loans, using a rate of 20% was determined to be $528,800 and the discount of $26,700 was charge to debt discount and credited to additional paid in capital. The discount was amortized and charged to operations in 2012 | |||||||||||||||||
· | On August 13, 2012, the Company entered into a note purchase and security agreement with John A. Moore, a member of the Board. Pursuant to the agreement, the Company issued a secured promissory note, dated October 26, 2012, to Mr. Moore for the principal amount of $1,000,000, bearing interest at a rate of 20% per year and maturing on the earlier of the first anniversary date of the date of issuance or such other time as described in more detail in the Note, without any penalty for prepayment. To secure the obligations of the Company under the Note, the Company granted Mr. Moore a secured priority security interest in the Company’s Accounts Receivable and its subsidiaries located in the United States of America. Pursuant to the loan agreement the Company issued a common stock purchase warrant, which entitled the holder to purchase 100,000 shares of common stock at an exercise price of $0.35 until the third anniversary date of the date of issuance. In connection with the loan agreement, on February 22, 2013, the Company and Mr. Moore amended the note whereby Mr. Moore agreed to convert the interest due under the Note into shares of common stock of the Company at a rate of $0.30 per share. Pursuant to the amendment, the Company issued 450,960 shares of Common Stock to Mr. Moore. | |||||||||||||||||
· | On October 26, 2012, the Company entered into a note purchase and security agreement with Stephen D. Baksa, a member of the Board. Pursuant to the loan agreement, the Company issued a secured promissory note, dated October 26, 2012, to Mr. Baksa for the principal amount of $1,000,000, bearing interest at a rate of 20% per year and maturing on the earlier of the first anniversary date of the date of issuance or such other time as described in more detail in the Note, without any penalty for prepayment. To secure the obligations of the Company under the Note, the Company granted the Baksa a first priority security interest in all of the Company’s right, title and interest in and to the shares of IDC Global, Inc. then owned by the Company. The Note contains customary provisions upon an Event of Default, as more fully described in the full text of the document. | |||||||||||||||||
In connection with the execution of the Loan Agreement, on October 26, 2012, the Company issued the Lender a common stock purchase warrant which entitled the holder to purchase 500,000 shares of common stock at an exercise price of $0.20 until the third anniversary date of the date of issuance.. | ||||||||||||||||||
On February 12, 2013, the Lender exercised the right to purchase 500,000 share of common stock at the exercise price of $0.20 per share. | ||||||||||||||||||
In connection with the Loan Agreement, on February 22, 2013, the Company and Mr. Baksa amended the Note pursuant to which Mr. Baksa agreed to convert the interest due under the Note into shares of GBSX common stock at a rate of $0.30 per share. Pursuant to the amendment, the Company issued 200,000 shares of Common Stock to Mr. Baksa. | ||||||||||||||||||
· | On November 30, 2012, the Company entered into two Note Purchase and Security Agreements pursuant to which the Company sold two secured promissory notes to two separate lenders in the aggregate principal amount of $1,000,000 bearing interest at a rate of 20% per year and maturing on the first anniversary date of the issuance with no prepayment penalty. To secure the obligations of the Company under the Note, the Company granted the Lenders all the Company’s right, title and interest in and to its shares of one of its subsidiaries, IDC Global, Inc. | |||||||||||||||||
In connection with the execution of the Loan Agreements, on November 30, 2012, the Company issued the lenders a common stock purchase warrant, pursuant to which the lenders are entitled to purchase 250,000 shares of common stock at an exercise price of $0.20 until the third anniversary date of the date of issuance. | ||||||||||||||||||
On February 12, 2013, one of the Lenders exercised the right to purchase 250,000 shares of common stock at the exercise price of $0.20 per share. | ||||||||||||||||||
LIABILITIES_TO_BANKS_CURRENT
LIABILITIES TO BANKS - CURRENT | 12 Months Ended | |
Dec. 31, 2012 | ||
Liabilities To Banks - Current [Abstract] | ' | |
LIABILITIES TO BANKS - CURRENT | ' | |
Note 16 | LIABILITIES TO BANKS - CURRENT | |
Short term liabilities to banks of 7 KUSD (December 31, 2011 restated year end: 20 KUSD) represent an operating line of credit (6 KUSD), bearing interest at a 3.25% daily periodic rate with a credit limit of 100 KUSD and checks in transit (15 KUSD) at the financial statement date. | ||
ACCOUNTS_PAYABLE_AND_ACCRUED_L
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||||
Payables and Accruals [Abstract] | ' | |||||||||||||||||||
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | ' | |||||||||||||||||||
Note 17 | ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | |||||||||||||||||||
Trade payables | ||||||||||||||||||||
As of the financial statement date, trade accounts payable amounted to 3,095 KUSD (December 31, 2011 restated year end: 2,765 KUSD). Trade payables are carried at their repayment amount and all have a residual term of up to one year. | ||||||||||||||||||||
Other Accrual | ||||||||||||||||||||
Other provisions are created as of the financial statement date in an amount necessary according to a reasonable commercial appraisal, to cover future payment obligations, perceivable risks and uncertain liabilities of the Company. Amounts deemed to be most likely to occur, in careful assessment, are accrued. | ||||||||||||||||||||
Restated | Currency | Restated | ||||||||||||||||||
KUSD | 12/31/11 | Utilization | Dissolution | Increase | Differences | 12/31/12 | ||||||||||||||
Tax provision | 32 | -32 | 0 | 57 | 0 | 57 | ||||||||||||||
Salary | 859 | -489 | 24 | 451 | 16 | 861 | ||||||||||||||
Vacation | 439 | -303 | 30 | 137 | 12 | 315 | ||||||||||||||
Workers Compensation Insurance Association | 27 | -21 | 0 | 17 | 1 | 24 | ||||||||||||||
Compensation Levy for Non-Employment of Severely Handicapped Persons | 17 | -16 | 0 | 18 | 0 | 19 | ||||||||||||||
Outstanding Invoices | 882 | -626 | 60 | 722 | 22 | 1,059 | ||||||||||||||
Annual Financial Statement Costs | 401 | -279 | 0 | 0 | 4 | 126 | ||||||||||||||
Other Provisions | 367 | -221 | 0 | 294 | 6 | 446 | ||||||||||||||
Warranties | 60 | -4 | 0 | 41 | 96 | |||||||||||||||
Gesture of Goodwill | 160 | -160 | 0 | |||||||||||||||||
Provision for Legal Costs | 71 | -4 | 0 | 5 | 72 | |||||||||||||||
Severance | 0 | 0 | 0 | 70 | 0 | 70 | ||||||||||||||
Total | 3,314 | -2,155 | 114 | 1,766 | 107 | 3,147 | ||||||||||||||
Provisions for salaries of 861 KUSD (December 31, 2011 restated year end: 859 KUSD) include the provisions created for the variable salaries of the sales staff for the sales objectives reached in this business period. | ||||||||||||||||||||
Vacation provisions of 315 KUSD (December 31, 2011 restated year end: 439 KUSD) include the obligations of GROUP’s companies to their employees for remaining vacation claims from the reporting period. The amount of the provision is calculated on the gross salary of the individual employee plus the employer contribution to social security/Medicare and based on the unused vacation days as of the financial statement date. | ||||||||||||||||||||
For liabilities not yet settled, a provision totaling 1,059 KUSD (December 31, 2011 restated year end: 882 KUSD) was created. | ||||||||||||||||||||
Other Provisions of 446 KUSD (December 31, 2011 restated year end: 367 KUSD) include accruals for Board of Director compensation (46 KUSD) and miscellaneous provisions. | ||||||||||||||||||||
Expenses for the audit of the Company and preparation of the annual consolidated financial statements were recognized at 126 KUSD (December 31, 2011 restated year end: 401 KUSD). | ||||||||||||||||||||
A provision for anticipated legal consulting of 72 KUSD was recorded (December 31, 2011 restated year end: 71 KUSD). | ||||||||||||||||||||
For warranty claims, a provision of 96 KUSD (December 31, 2011 restated year end: 60 KUSD) was created determined by service income | ||||||||||||||||||||
DEFERRED_INCOME
DEFERRED INCOME | 12 Months Ended | |
Dec. 31, 2012 | ||
Deferred Revenue Disclosure [Abstract] | ' | |
DEFERRED INCOME | ' | |
Note 18 | DEFERRED INCOME | |
Accruals for future periods leading to realization of sales after the financial statement date are reported under deferred income. The deferred income items listed as of the financial statement date in the amount of 6,099 KUSD (December 31, 2011 restated year end: 6,341 KUSD) primarily include maintenance income collected in advance for the period after the end of the financial statement date. They are amortized on a straight-line basis over their respective contract terms. | ||
OTHER_LIABILITIES_SHORT_TERM
OTHER LIABILITIES - SHORT TERM | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Debt Disclosure [Abstract] | ' | |||||
OTHER LIABILITIES | ' | |||||
Note 19 | OTHER LIABILITIES – SHORT TERM | |||||
Other Short-Term | 12/31/12 | 12/31/11 | ||||
Liabilities | Restated | Restated | ||||
KUSD | KUSD | |||||
Purchase Assets L911 | 0 | 1,094 | ||||
Purchase Assets Permessa | 750 | 1,900 | ||||
Tax Liabilities | 0 | 724 | ||||
Purchase Archiving Software | 0 | 324 | ||||
Other Liabilities | 110 | 210 | ||||
860 | 4,252 | |||||
LIABILITIES_TO_BANKS_LONG_TERM
LIABILITIES TO BANKS - LONG TERM | 12 Months Ended | |
Dec. 31, 2012 | ||
Liabilities To Banks - Long Term [Abstract] | ' | |
LIABILITIES TO BANKS - LONG TERM | ' | |
Note 20 | LIABILITIES TO BANKS – LONG TERM | |
Liabilities to banks as of the financial statement date was 3,716 KUSD (December 31, 2011 restated year end: 3,463 KUSD) represent bank obligations of GROUP AG with Baden-Württembergische Bank. | ||
OTHER_LIABILITIES_LONG_TERM
OTHER LIABILITIES - LONG TERM | 12 Months Ended | |
Dec. 31, 2012 | ||
Debt Disclosure [Abstract] | ' | |
OTHER LIABILITIES - LONG TERM | ' | |
Note 21 | OTHER LIABILITIES – LONG TERM | |
Other long-term liabilities as of the financial statement date of Nil KUSD (December 31, 2011 restated year end: 2,266 KUSD) includes the obligation related to the purchase of Lotus911 assets. | ||
DUE_TO_RELATED_PARTIES
DUE TO RELATED PARTIES | 12 Months Ended | |||||||||||||
Dec. 31, 2012 | ||||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||||
DUE TO RELATED PARTIES | ' | |||||||||||||
Note 22 DUE TO RELATED PARTIES | ||||||||||||||
Related parties refer to the Management, Board of Directors, Supervisory Board, stockholders and associated companies. | ||||||||||||||
Business transactions between the companies and its subsidiaries which are also considered to be related companies were eliminated through the consolidation and are not reflected within these footnotes to the consolidated statements. | ||||||||||||||
12/31/12 | 12/31/11 | |||||||||||||
Restated | Restated | |||||||||||||
KUSD | KUSD | |||||||||||||
Accounts payable and Accruals: | ||||||||||||||
A company owned by the CFO | 72 | 21.1 | ||||||||||||
A company owned by the CEO | 493.6 | 360 | ||||||||||||
Board of Directors fees and outstanding expenses | 110.4 | - | ||||||||||||
Notes payable (per Note 14) | 2,428 | - | ||||||||||||
Due to associated company | 48.1 | 51.3 | ||||||||||||
3,152.10 | 432.4 | |||||||||||||
Remuneration of the management occupying key positions within the Company and its’ subsidiaries including that of the Board of Directors include the following: | ||||||||||||||
2012 | 2011 | |||||||||||||
Paid | Accrued | Paid | Accrued | |||||||||||
Management Fees (to an officer-Company) | 0 | 120,000 | 0 | 360,000 | ||||||||||
Management Fees (to an officer-subsidiary) | 399,295 | 0 | 421,956 | 0 | ||||||||||
Management Fees (to an officer-Company) | 122,452 | 0 | N/A | N/A | ||||||||||
Management Fees (to an officer-subsidiary) | 196,026 | 68,844 | 211,529 | 99,553 | ||||||||||
Management Fees (to an officer-Company; includes consulting fees from a subsidiary) | 188,931 | 96,279 | 135,107 | 0 | ||||||||||
Management Fees (to an officer-Company) | 20,000 | 0 | 114,750 | 10,000 | ||||||||||
Management Fees (to an officer-subsidiary) | 178,873 | 38,247 | 194,758 | 65,448 | ||||||||||
Management Fees (to a Director-Company) | 13,667 | 22,833 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 11,650 | 18,275 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 0 | 18,100 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 14,150 | 16,275 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 0 | 22,425 | N/A | N/A | ||||||||||
COMMON_STOCK
COMMON STOCK | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||
COMMON STOCK | ' | ||||||||||||||||||||||||
Note 23 | COMMON STOCK | ||||||||||||||||||||||||
The Company has authorized capital of 75,000,000 shares of common stock and 25,000,000 shares of “blank check” preferred stock, each with a par value of $0.001. No class of preferred stock has been designated or issued. As of December 31, 2012, there were 29,431,664 shares of common stock outstanding. At the time of the Reverse Merger of the Company by GROUP on January 6, 2011, there were 16,500,000 shares of common stock of the Company outstanding and, as the Reverse Merger was accounted for as a recapitalization and applied retroactively, this balance is recorded as the balance outstanding since inception. | |||||||||||||||||||||||||
Transactions occurring in 2011 | |||||||||||||||||||||||||
In March, 2011, the Company consummated a private placement offering (the “Private Placement”) of an aggregate of 6,044,000 Units at a purchase price of $1.25 per Unit, for gross proceeds of $7,555,000. Each Unit was comprised of one share of Common Stock and one three-year Warrant to purchase one share of Common Stock at an exercise price of $1.50 per share (“Private Placement Warrant”). The net proceeds of this offering were $6,878,950. As disclosed in Note 1, the Company issued 1,742,874 shares of common stock for the purchase of Pavone AG., GroupWare, Inc. and SD Holdings Ltd. | |||||||||||||||||||||||||
In December, 2011, certain investors exercised their private purchase warrants at $1.50 per share and bought 2,020,000 shares of common stock for net proceeds of $3,024,970 after legal fees. | |||||||||||||||||||||||||
Transactions occurring in 2012 | |||||||||||||||||||||||||
· | In March, 2012 an investor exercised their private purchase warrant and bought 5,000 shares of common stock for net proceeds of $7,500. | ||||||||||||||||||||||||
· | Also in March, 2012, as a result of purchasing warrants at nominal value, wherein each warrant allowed the holder to purchase one common share at $0.50 for a period of three years, certain investors exercised those warrants and bought 900,000 shares of common stock for net proceeds of $450,000. | ||||||||||||||||||||||||
· | On April 16, 2012, the Company sold 120,000 Units to Joerg Ott, the then CEO and Chairman of the Board of Directors of the Company, for a price of $1.50 per Unit, for a total purchase price of $180,000. Each Unit consisted of one share of Common Stock of the Company and one warrant to purchase one share of Common Stock of the Company from the date of issuance until the third anniversary date of the date of issuance for $1.50 per share. The Company sold the Units and underlying securities to Mr. Ott in reliance on Section 4(a)(2) (formerly Section 4(2)) of the Securities Act due to the fact that the issuance was isolated and did not involve a public offering of securities. | ||||||||||||||||||||||||
⋅ | On April 28, 2012, $632,500 in notes payable were converted at $1.15 per unit into 550,000 units with each unit consisting of one common share of common stock and one warrant. Each warrant allows the holder to purchase one common share at $1.75 for a period of three years. The Company issued the Note pursuant to Section 4(a)(2) (formerly Section 4(2)) under the Securities Act due to the fact that the issuance was isolated and did not involve a public offering of securities. | ||||||||||||||||||||||||
⋅ | On April 30, 2012, $460,000 in notes payable to Lotus were converted at $1.15 per unit into 400,000 units, with each unit consisting of one share of common stock and one warrant. Each warrant allows the holder to purchase one common share at $1.75 for a period of three years. The Company issued the Lotus Note pursuant to Section 4(a)(2) (formerly Section 4(2)) under the Securities Act due to the fact that the issuance was isolated and did not involve a public offering of securities. | ||||||||||||||||||||||||
⋅ | Also on April 30, 2012, $172,500 in debt to a company owned by Joerg Ott, the then CEO and Chairman of the Board of Directors of the Company, were converted at $1.15 per unit into 150,000 units, with each unit consisting of one share of common stock and one warrant. Each warrant allows the holder to purchase one common share at $1.75 for a period of three years. The Company issued the debt pursuant to Section 4(a)(2) (formerly Section 4(2)) under the Securities Act due to the fact that the issuance was isolated and did not involve a public offering of securities. | ||||||||||||||||||||||||
⋅ | On May 10, 2012, the Company sold 30,000 Units to Markus R. Ernst, the Chief Financial Officer of the Company, for a purchase price of $1.50 per unit, for a total purchase price of $45,000. Each unit consists of one share of common stock of the Company and one warrant, allowing the holder to purchase one share of common stock of the Company from the date of issuance until the third anniversary date of the date of issuance for $1.50 per share. The Company sold the units and underlying securities to Mr. Ernst in reliance on Section 4(a)(2) (formerly Section 4(2)) of the Securities Act due to the fact that the issuance was isolated and did not involve a public offering of securities. | ||||||||||||||||||||||||
· | On May 15, 2012, the Company issued 150,000 unregistered shares of common stock to Kjell Jahn, the former selling stockholder of GroupWare, AG, a Florida corporation purchased by the Company in June 2011. The Company issued the shares in reliance on Section 4(a)(2) (formerly Section 4(2)) of the Securities Act due to the fact that the issuance was isolated and did not involve a public offering of securities. | ||||||||||||||||||||||||
Options | |||||||||||||||||||||||||
The Company has not issued any options, so that none are outstanding as at December 31, 2012 and 2011. | |||||||||||||||||||||||||
Warrants | |||||||||||||||||||||||||
The Company has issued warrants in four different manners. In each instance, the warrant allows the holder to purchase a common share within a three year period from issuance at a specific price per share. In the first instance, warrants have been issued as part of a private placement offering wherein the investor purchases a common share, and a warrant. The fair value of those warrants has been determined (and is shown below) by utilizing the residual method, whereby the current market value of the stock is deducted from the unit price and the remainder is allocated to the warrant. The valuation of the warrants issued is for disclosure purposes only and has no impact to the financial statements. A description of those warrants has been described above under common shares. | |||||||||||||||||||||||||
The second manner in which warrants are issues is in respect to financing by way of the issuance of notes payable or the conversion of debt into shares. In these instances, the fair value of the warrant has been determined using the effective interest rate method whereby the note is discounted when the interest rate is less than other similar notes and discount is allocated to the warrant and credited to additional paid in capital. The corresponding charge to discount is then amortized over the life of the note. Where there is no difference in interest terms, no value is attributable to the warrant. | |||||||||||||||||||||||||
The Company has also sold warrants at nominal value to certain investors. In this instance the fair value of the warrants has been determined using a Black-Scholes option pricing model with volatility, equity value and interest rate inputs noted below. The valuation of the warrants issued is for disclosure purposes only and has no impact to the financial statements. | |||||||||||||||||||||||||
Lastly, the Company has issued warrants to outside consultants in consideration for services rendered. The warrants are issued as “cashless” warrants and have been valued using a Black-Scholes option pricing model with volatility, equity value and interest rate inputs noted below. The fair value of warrants issued for financing are determined for disclosure purposes as there is no impact to the financial statements. The fair value for other services, namely legal, and consulting have been recorded in the financial statements with a charge to the corresponding expense account and a credit to additional paid in capital. | |||||||||||||||||||||||||
Black-Scholes assumptions for warrants issued were as follows: | |||||||||||||||||||||||||
For the period ending: | 12/31/12 | 12/31/11 | |||||||||||||||||||||||
Volatility | 120.6 - 134.3 | % | 77.1 | % | |||||||||||||||||||||
Risk free interest rate | 0.34 - 0.51 | % | 1.19 | % | |||||||||||||||||||||
Expected Life (years) | 3 | 3 | |||||||||||||||||||||||
Dividend Rate | Nil | Nil | |||||||||||||||||||||||
The following share purchase warrant transactions have not been disclosed elsewhere: | |||||||||||||||||||||||||
On April 1, 2011, the former CFO was issued 100,000 share purchase warrants, which gave him the option of purchasing 100,000 shares of common stock for a period of 3 years at a price of $1.50 per common share. The value of this issuance, using the Black-Scholes pricing model was determined to $34,000 and this amount was recorded as a consulting expense. | |||||||||||||||||||||||||
In March, 2012, the Company issued an aggregate of 2,020,000 warrants to five “accredited investors” pursuant to Section 4(a)(2) (formerly Section 4(2)) of the Securities Act. Each investor warrant is exercisable for the three-year period commencing from the date of issuance for $0.50 per share of Common Stock and has the same terms as the Private Placement Warrants. As noted above, investors immediately exercised warrants and purchased 900,000 shares of common stock for $450,000. | |||||||||||||||||||||||||
On March 27, 2012, the Company issued an aggregate of 250,000 warrants to 3 outside consultants pursuant to Section 4(a)(2) (formerly Section 4(2)) of the Securities Act. Each warrant is exercisable for the three-year period commencing from the date of issuance for $1.10 per share of Common Stock and has the same terms as the Private Placement Warrants. The value of this issuance, using the Black-Scholes pricing model was determined to $270,208 and this amount was recorded as a professional expense. | |||||||||||||||||||||||||
In December, 2012, the Company issued 16,875 warrants to an outside consultant pursuant to Section 4(a)(2) (formerly Section 4(2)) of the Securities Act. Each warrant is exercisable for the three-year period commencing from the date of issuance for $0.21 per share of Common Stock and has the same terms as the Private Placement Warrants. The value of this issuance, using the Black-Scholes pricing model was determined to $2,624 and this amount was recorded as a consulting expense. | |||||||||||||||||||||||||
# of shares | Fair | Balance | |||||||||||||||||||||||
value | |||||||||||||||||||||||||
allowed to | Issue | Expiry | Strike | at | End of | ||||||||||||||||||||
purchase | Date | Date | Price | Issuance | Issued | Exercised | Period | ||||||||||||||||||
# | $ | $ | # | # | # | ||||||||||||||||||||
Opening - Jan 1, 2011 | 2,000,000 | 10/1/10 | 6/1/13 | 4 | - | - | - | 2,000,000 | |||||||||||||||||
Issued for financing services | 3/11/11 | 3/14/14 | 1.5 | - | 707,280 | - | 707,280 | ||||||||||||||||||
Issued for financing services | 3/28/11 | 3/24/14 | 1.5 | - | 15,000 | - | 15,000 | ||||||||||||||||||
sold with share units | 3/31/11 | 3/31/14 | 1.5 | - | 6,044,000 | 2,020,000 | 4,024,000 | ||||||||||||||||||
Issued for consulting services | 4/1/11 | 4/1/14 | 1.5 | 34,000 | -1 | 100,000 | - | 100,000 | |||||||||||||||||
Closing - Dec 31, 2011 | 6,866,280 | 2,020,000 | 6,846,280 | ||||||||||||||||||||||
Opening - Jan 1, 2012 | 6,846,280 | 5,000 | 6,841,280 | ||||||||||||||||||||||
Amended | -2,000,000 | 10/1/10 | 6/1/13 | 4 | - | - | - | - | |||||||||||||||||
Reissued | 2,000,000 | 6/1/12 | 6/1/15 | 1 | 556,785 | - | - | - | |||||||||||||||||
Issued for legal services | 3/31/12 | 3/31/12 | 1.1 | 270,208 | -2 | 250,000 | - | 250,000 | |||||||||||||||||
Issued for nominal value | 3/28/12 | 3/28/15 | 0.5 | 2,457,662 | 2,020,000 | 900,000 | 1,120,000 | ||||||||||||||||||
Sold with share units | 4/16/12 | 4/16/15 | 1.5 | 90,000 | 120,000 | - | 120,000 | ||||||||||||||||||
Issued with debt conversion | 4/28/12 | 4/28/15 | 1.75 | - | 550,000 | - | 550,000 | ||||||||||||||||||
Issued with debt conversion | 4/30/12 | 4/30/15 | 1.75 | - | 500,000 | - | 500,000 | ||||||||||||||||||
Sold with share units | 5/10/12 | 5/10/15 | 1.5 | 25,800 | 30,000 | - | 30,000 | ||||||||||||||||||
Issued with debt | 7/5/12 | 7/5/12 | 0.5 | 26,500 | 550,000 | - | 550,000 | ||||||||||||||||||
Issued with debt | 8/13/12 | 8/13/15 | 0.35 | - | 100,000 | - | 100,000 | ||||||||||||||||||
Issued with debt | 10/26/12 | 10/29/15 | 0.2 | - | 500,000 | 500,000 | - | ||||||||||||||||||
Issued with debt | 11/30/12 | 11/30/15 | 0.2 | - | 500,000 | 250,000 | 250,000 | ||||||||||||||||||
Issued for consulting services | 12/21/12 | 12/21/15 | 0.21 | 2,624 | -1 | 16,875 | - | 16,875 | |||||||||||||||||
Closing - Dec 31, 2012 | 5,136,875 | 1,655,000 | 10,328,155 | ||||||||||||||||||||||
(1) recorded as consulting expense | |||||||||||||||||||||||||
(2) recorded as legal expense | |||||||||||||||||||||||||
The weighted average exercise price at December 31, 2012 was $0.32 | |||||||||||||||||||||||||
The weighted average exercise price at December 31, 2011 was $ 2.23 | |||||||||||||||||||||||||
REVENUE_ALLOCATION
REVENUE ALLOCATION | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Segment Reporting [Abstract] | ' | |||||
REVENUE ALLOCATION | ' | |||||
Note 24 | REVENUE ALLOCATION | |||||
Gross revenue may be broken down by the following products for the twelve months ended December 31, 2012 are as follows: | ||||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
Sales Revenues | KUSD | KUSD | ||||
Licenses | 4,244 | 5,004 | ||||
Maintenance | 10,802 | 11,343 | ||||
Partner Contribution | 0 | 0 | ||||
Service | 4,540 | 6,485 | ||||
Third-Party Products | 2,905 | 2,302 | ||||
LND Third-Party Products | 3,114 | 2,960 | ||||
Others | 131 | 179 | ||||
25,736 | 28,273 | |||||
Revenues by geographical area for the twelve months ended December 31, 2012 are as follows: | ||||||
Sales Revenues | 12/31/12 | 12/31/11 | ||||
Restated | Restated | |||||
by geographic area | KUSD | KUSD | ||||
US | 10,689 | 9,232 | ||||
Germany | 14,211 | 17,932 | ||||
United Kingdom | 836 | 1,109 | ||||
25,736 | 28,273 | |||||
Long-lived assets by geographical area, which primarily include property plant and equipment, are as follows: | ||||||
Long-lived assets | 12/31/12 | 12/31/11 | ||||
Restated | Restated | |||||
by geographic area | KUSD | KUSD | ||||
US | 124 | 204 | ||||
Germany | 206 | 292 | ||||
United Kingdom | 3 | 3 | ||||
Others | 0 | 23 | ||||
333 | 522 | |||||
OTHER_INCOME_EXPENSE
OTHER INCOME (EXPENSE) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Other Income and Expenses [Abstract] | ' | |||||
OTHER INCOME (EXPENSE) | ' | |||||
Note 25 | OTHER INCOME (EXPENSE) | |||||
At the financial statement date, Other expense was 1,532 KUSD (December 31, 2011 restated Other expense: 16,267 KUSD). | ||||||
Other Income / Expense | 12/31/12 | 12/31/11 | ||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Other Expense | -1,055 | -15,895 | ||||
Interest Income | 3 | 34 | ||||
Interest Expense | -480 | -406 | ||||
Ending Balance Other Expense | -1,532 | -16,267 | ||||
DEFERRED_INCOME_TAXES
DEFERRED INCOME TAXES | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Deferred Tax Assets Liabilities Net Disclosure [Abstract] | ' | |||||
DEFERRED INCOME TAXES | ' | |||||
Note 26 | DEFERRED INCOME TAXES | |||||
The following schedule details the reconciliation of the Consolidated Earnings Before Taxes to the Income Tax Expense per the Consolidated Profit and Loss Statement: | ||||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Statutory rate | 23.0% - 34.0% | 23.0% - 34.0% | ||||
Expected income taxes recovery at the statutory rate | -2,285 | -6,512 | ||||
Effect of change in tax rate | -194 | 593 | ||||
Permanent differences | 430 | 1,061 | ||||
Temporary differences | 813 | 66 | ||||
Price allocation from consolidation | -86 | 2,287 | ||||
Change in deferred income tax asset | -735 | 354 | ||||
Valuation allowance | 3,490 | 0 | ||||
Income tax expense (recovery) recognized | 1,432 | -2,151 | ||||
Income tax expense (recovery) is comprised of: | ||||||
Current | 112 | 43 | ||||
Future | 1,320 | -2,194 | ||||
The following schedule reflects a summary of the basic components of the Deferred tax assets as presented in the Company’s Consolidated Balance Sheet. | ||||||
USD | USD | |||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Intangible assets | -475 | -732 | ||||
Non-capital losses available for future periods | 5,136 | 3,339 | ||||
Price allocation from consolidation | -68 | -154 | ||||
Assets held for resale | 297 | 0 | ||||
4,890 | 2,452 | |||||
Valuation allowance | -3,758 | 0 | ||||
1,132 | 2,452 | |||||
USD | USD | |||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Short term assets | 0 | 0 | ||||
Long term assets | 2,007 | 3,648 | ||||
Long term liability | -875 | -1,196 | ||||
1,132 | 2,452 | |||||
The Company also has incurred losses for income tax purposes of approximately 16,362 KUSD which may be applied in future years to reduce taxable income. The ability to apply this loss expires starting in 2015. | ||||||
PENSION_PLAN_OBLIGATIONS
PENSION PLAN OBLIGATIONS | 12 Months Ended | |||||||||
Dec. 31, 2012 | ||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||
PENSION PLAN OBLIGATIONS | ' | |||||||||
NOTE 27 | PENSION PLAN OBLIGATIONS | |||||||||
The Company maintains three retirement plans described as follows: | ||||||||||
1. GROUP Business Software AG - A non-contributory defined benefit pension plan (“Qualified Plans”) is maintained by GROUP Business Software AG. The Qualified Plans provide retirement benefits for certain employees meeting certain age and service requirements. Benefits for the Qualified Plans are funded from assets held in the plans’ trusts. | ||||||||||
Benefit Obligations and Funded Status | ||||||||||
The following table presents the status of GROUP AG’s pension plan. The benefit obligation for pension plans represents the projected benefit obligation. GROUP AG’s benefit obligations and plan assets are measured each year as of December 31. | ||||||||||
Restated | Restated | |||||||||
Pensions Benefits in KUSD | 12/31/12 | 12/31/11 | ||||||||
Change in benefit obligation: | ||||||||||
Benefit Obligation at beginning of year | 150 | 154 | ||||||||
Service cost | 0 | 0 | ||||||||
Interest cost | 9 | 8 | ||||||||
Actuarial loss (gain) | 102 | -7 | ||||||||
Curtailment (gain) loss | 0 | 0 | ||||||||
Plan amendments | 0 | 0 | ||||||||
Foreign exchange rate changes | 4 | -6 | ||||||||
Benefits paid | 0 | 0 | ||||||||
Benefit Obligation at end of year | 265 | 150 | ||||||||
Change in plan assets: | ||||||||||
Fair value of plan assets at beginning of year | 93 | 93 | ||||||||
Actual return on plan assets | 4 | 4 | ||||||||
Employer contributions | 0 | 0 | ||||||||
Participant contributions | 0 | 0 | ||||||||
Benefits paid | 0 | 0 | ||||||||
Foreign exchange rate changes | 2 | -4 | ||||||||
Fair value of plan assets at end of year | 99 | 93 | ||||||||
Benefit Obligation at end of year | 166 | 57 | ||||||||
Restated | Restated | |||||||||
Pension Benefits in KUSD | 12/31/12 | 12/31/11 | ||||||||
Amounts recognized in the Balance Sheet | ||||||||||
Current Liabilities | -166 | -57 | ||||||||
Amounts recognized in other accumulated comprehensive earnings | ||||||||||
Net actuarial loss (gain) | 107 | -2 | ||||||||
Prior service cost (credit) | 0 | |||||||||
Total net periodic benefit cost | 107 | -2 | ||||||||
The following table presents the components of net periodic benefit cost and other comprehensive earnings for Group AG’s pension plan. | ||||||||||
Restated | Restated | |||||||||
Pension Benefits in KUSD | 12/31/12 | 12/31/11 | ||||||||
Net periodic benefit cost: | ||||||||||
Service cost | 0 | 0 | ||||||||
Interest cost | 9 | 8 | ||||||||
Recognition of net actuarial loss (gain) | 102 | -4 | ||||||||
Recognition of prior service cost | ||||||||||
Total net periodic benefit cost | 111 | 4 | ||||||||
Other comprehensive earnings: | ||||||||||
Actuarial (gain) loss arising in current year | -4 | -6 | ||||||||
Prior service costs (credit) arising in current year | 0 | 0 | ||||||||
Recognition of net actuarial loss (gain) | 0 | 0 | ||||||||
Recognition of prior service cost | 0 | 0 | ||||||||
Benefit Obligation at end of year | -4 | -6 | ||||||||
Total recognized | 107 | -2 | ||||||||
Assumptions: | ||||||||||
The following table presents the weighted average actuarial assumptions that were used to determine benefit obligations and net periodic benefit costs for both pension plans. | ||||||||||
Pension Benefits | ||||||||||
12/31/12 | 2012 | 2011 | ||||||||
Assumption to determine benefit obligations: | ||||||||||
Discount rate | 3.4 | % | 5.9 | % | 5.7 | % | ||||
Rate of compensation increase | 1 | % | 1 | % | N/A | |||||
Assumptions to determine net periodic benefit cost: | ||||||||||
Discount rate | 6 | % | 6 | % | 6 | % | ||||
Expected return on plan assets | N/A | N/A | N/A | |||||||
Rate of compensation increase | N/A | N/A | N/A | |||||||
Discount rate – Future pension obligations are discounted at the end of each year based on the rate at which obligations could be effectively settled, considering the timing of estimated future cash flows related to the plans. This rate is based on high-quality bond yields, after allowing for call and default risk. High quality corporate bond yield indices are considered when selecting the discount rate. | ||||||||||
Rate of compensation increase – the expected DBO for end of 2012/ 2013 is estimated to increase from $150 KUSD in 2011/ 2012 to $172 KUSD. The expected increase of the assets is estimated end of 2012/ 2013 by $5 KUSD | ||||||||||
Expected return on plan assets – the expected rate of return on plan assets was determined by evaluating input from external consultants and economists as well as long-term inflation assumptions. The Company expects the long-term asset allocation to approximate the targeted allocation. Therefore, the expected long-term rate of return on plan assets is based on the target allocation of investment types in such assets. See plan assets discussion below for more information on GROUP AG’s target allocations. | ||||||||||
Pension Plan Assets | ||||||||||
GROUP AG’s overall investment objective for its pension plans’ is to eliminate further risks. Therefore, all permitted benefits are reinsurance. In total, the benefits from the permitted pension correspond to the benefits of the reinsurances which have been signed for these pension promises. | ||||||||||
2. GBS India includes gratuity obligations representing a government mandated obligation to provide employees with 15 days of wages for every year worked. Obligations are paid when the employee retires or resigns from the company and payable only if employees serve at least five years of employment with the Company. | ||||||||||
Details of the provision for gratuity which is included within Accrued Liabilities: | ||||||||||
Description | 12/31/12 | |||||||||
Restated | ||||||||||
Defined benefit obligation | 35,974 | |||||||||
Fair value of plan assets | - | |||||||||
Less: Unrecognized past service cost | - | |||||||||
Plan Liability (adjusted from operating revenue/retained earnings) | 35,974 | |||||||||
Changes in present value of the defined benefit obligation are as follows: | ||||||||||
Description | 2012 | |||||||||
Defined benefit obligation as at June 5 | 38,474 | |||||||||
Interest cost | 1,507 | |||||||||
Current service cost | 3,143 | |||||||||
Benefits paid | 2,036 | |||||||||
Actuarial (gain) loss on obligation | 5,114 | |||||||||
Defined benefit obligation as at December 31 | 35,974 | |||||||||
No fund is created for payment of gratuity and leave wages and the Company would pay the same amount out of its own funds as and when the same becomes payable. | ||||||||||
Employee benefits towards compensated absences recognized in the profit and loss accounts are as follows: | ||||||||||
Description | 2012 | |||||||||
Current service cost | 3,143 | |||||||||
Interest cost | 1,507 | |||||||||
3. GBS Corporation maintains a defined contribution 401(k) plan (“Qualified Plans”) for the benefit of the employees of GBS Corporation and Permessa Corporation. Contributions are made at the discretion of the participating employees. No obligation exists for employer contributions. | ||||||||||
COMMITMENTS
COMMITMENTS | 12 Months Ended | ||||||||||
Dec. 31, 2012 | |||||||||||
Commitments [Abstract] | ' | ||||||||||
COMMITMENTS | ' | ||||||||||
Note 28 | COMMITMENTS | ||||||||||
The Company has the following commitments as at December 31, 2012: | |||||||||||
Amount for Next 12 | Amount | ||||||||||
Exceeding 12 | |||||||||||
Months | Months | ||||||||||
1/1/2013 to | 1/1/2014 & | Total | |||||||||
12/31/13 | On | Commitments | |||||||||
($) | ($) | ($) | |||||||||
Total Liabilities from Rental Agreements | 926,947.15 | 994,845.02 | 1,921,792.17 | ||||||||
Obligations from Vehicle Lease Agreements | 167,437.69 | 66,568.23 | 234,005.92 | ||||||||
Obligations from Other Lease Agreements | 163,694.67 | 154,231.11 | 317,925.79 | ||||||||
Obligations started after 12/31/12 | - | - | - | ||||||||
Total Financial Obligations | 1,258,079.51 | 1,215,644.37 | 2,473,723.88 | ||||||||
SUPPLEMENTAL_CASH_FLOW_DISCLOS
SUPPLEMENTAL CASH FLOW DISCLOSURES | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Supplemental Cash Flow Elements [Abstract] | ' | |||||
SUPPLEMENTAL CASH FLOW DISCLOSURES | ' | |||||
Note 29 | SUPPLEMENTAL CASH FLOW DISCLOSURES | |||||
The significant non-cash transactions for the year ended December 31, 2012 and 2011 were as follows: | ||||||
⋅ | On April 1, 2011, the Company acquired Pavone AG, for 350 KUSD, assumption of $583,991 debt and 1,000,000 shares of its common stock. | |||||
⋅ | On June 1, 2011, the Company acquired GroupWare, Inc., for 250 KUSD, assumption of $694,617 debt and 250,000 shares of its common stock. | |||||
⋅ | On July 25, 2011, the Company acquired IDC Global, Inc. for 750 KUSD, $883,005 assumption of debt, 25 (KUSD) reimbursement for accounting and legal fees, 35 KUSD signing bonuses and 880,000 shares of common stock. | |||||
⋅ | On September 27, 2011, the Company acquired SD Holdings Ltd for $525,529 and issued 612,874 shares of Common Stock. | |||||
⋅ | On February 27, 2012, an outstanding debt of GROUP was converted into an aggregate of 1,750,000 shares of GROUP common stock, increasing GROUP’s total outstanding common stock to 26,982,000 shares. As a result of the foregoing increase in the number of total outstanding shares of GROUP common stock, the Company increased its ownership of GROUP common stock to an aggregate of 13,525,000 shares, representing approximately 50.1% of the outstanding common stock of GROUP, by purchasing the 883,765 shares of GROUP common stock from GAVF LLC for an average purchase price of $0.70 per share. | |||||
⋅ | On March 31, 2012, warrants were issued in lieu of consulting services and the fair value, based on the Black Scholes pricing model, was determined to be $ 270,208 and recorded as Additional Paid-In Capital. | |||||
⋅ | On April 28, 2012, $632,500 in notes payable to RealRisk Ventures, LL were converted into 550,000 shares of common stock and into 550,000 warrants with each warrant allowing the holder to purchase one common share at $1.75 for a period of 3 years. | |||||
⋅ | On April 30, 2012, $460,000 in notes payable to Lotus Holdings Ltd. were converted into 400,000 shares of common stock and 400,000 warrants, with each warrant allowing the holder to purchase one common share at $1.75 for a period of 3 years. | |||||
⋅ | On April 30, 2012 $ 172,500 of accounts payable due to Vitamin B Venture, GmbH was converted into 150,000 shares of common stock in satisfaction of a converted note to Kjell Jahn. | |||||
⋅ | On July 5, 2012, promissory notes for $552,500 were issued at 8.5% and had a conversion feature. Similar notes without the conversion were issued at 20%. Therefore, it was determined that the conversion feature had a value which was calculated by discounting the note as if the cost of capital was 20% and based on the due date set forth of 6 months. The calculated value was classified as discounted debt and amortized over the life of the promissory notes resulting in additional Interest expense and a credit to Additional Paid-In Capital for $26,700. | |||||
⋅ | On December 21, 2012, warrants were issued in lieu of consulting services and the fair value, based on the Black-Scholes pricing model, was determined to be $ 2,624 and recorded as Additional Paid-In Capital. | |||||
Additional Information: | ||||||
For the fiscal year: | For the fiscal year: | |||||
1/1/2012 - 12/31/2012 | 1/1/2011 - 12/31/2011 | |||||
Interest Expense: | 157,719 | 170,222 | ||||
Corporate Income Taxes Paid (Recovered): | 30,599 | 56,939 | ||||
Corporate Taxes (Refunds): | 12,156 | 0 | ||||
Total Cash Expenditure | 176,161 | 227,161 | ||||
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 12 Months Ended | |
Dec. 31, 2012 | ||
Subsequent Events [Abstract] | ' | |
SUBSEQUENT EVENTS | ' | |
Note 30 | SUBSEQUENT EVENTS | |
On February 1, 2013, GBS entered into a Stock Purchase Agreement, dated February 1, 2013 (the “Agreement”), with IDC Global, Inc., a Delaware corporation and a wholly-owned subsidiary of GBS (“IDC”), and Global Telecom & Technology Americas, Inc., a Virginia corporation (“GTT). Pursuant to the Agreement, we sold 100% of the issued and outstanding capital stock of IDC to GTT for a purchase price of $4,600,000 (the “Purchase Price”), subject to certain holdback provisions. On January 20, 2014, the Company and GTT signed an agreement in which both parties declared that the terms of the provisions were met to each company’s satisfaction. | ||
Group Live N.V. operating under the laws of the Netherlands and a 100% subsidiary of Group Business Software AG declared its end of business May 31, 2012, registered in the commercial register June 22, 2012. Following the local procedures the Company has been dissolved from the register as per April 5, 2013, registered April 16, 2013. | ||
Each of the directors of the Company, including all five disinterested directors with respect to the transaction, has approved each of the transaction agreements discussed above and the transactions contemplated thereby. | ||
COMPARATIVE_STATEMENTS
COMPARATIVE STATEMENTS | 12 Months Ended | |
Dec. 31, 2012 | ||
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | ' | |
COMPARATIVE STATEMENTS | ' | |
Note 31 | COMPARATIVE STATEMENTS | |
In certain circumstances, the classification of accounts previously presented in 2011 has been changed to conform to the presentation used in 2012. | ||
ACCOUNTING_POLICIES_Policies
ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2012 | |
Accounting Policies [Abstract] | ' |
Critical Accounting Policies and Estimates | ' |
Critical Accounting Policies and Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Segment Reporting | ' |
Segment Reporting | |
The Financial Accounting Standards Board (“FASB”) authoritative guidance regarding segment reporting establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. It also establishes standards for related disclosures about products and services, geographic areas and major customers. The Company has determined that it operates in only one segment – the development and maintenance of computer software programs and support products. | |
Comprehensive Income (Loss) | ' |
Comprehensive Income (Loss) | |
The Company adopted the FASB Codification topic (“ASC”) 220, “Reporting Comprehensive Income”, which establishes standards for the reporting and display of comprehensive income and its components in the financial statements. Comprehensive income consists of net income and other gains and losses affecting stockholder's equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability. Since inception, the Company’s other comprehensive income represents foreign currency translation adjustments and small net actuarial losses on pension plans. | |
Net Income per Common Share | ' |
Net Income per Common Share | |
ASC 260, “Earnings per share”, requires dual presentation of basic and diluted earnings per share (EPS) with a reconciliation of the numerator and denominator of the EPS computations. Basic earnings per share amounts are based on the weighted average shares of common stock outstanding. If applicable, diluted earnings per share would assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive. Accordingly, although the diluted weighted average number of common stock outstanding is disclosed on the statements of operation, the calculated net loss per share is the same for both the basic and diluted as both are based on the basic weighted average of common stock outstanding. There were no adjustments required to net income for the period presented in the computation of diluted earnings per share. | |
Financial Instruments | ' |
Financial Instruments | |
Financial instruments consist of cash and cash equivalents, accounts and other receivable, financial assets, notes payable, liabilities to banks, accounts payable, accrued liabilities and other liabilities, due to related parties and retirement benefit obligations. Financial assets and liabilities are measured upon first recognition and reviewed at the financial statement date. Changes in fair value are recognized through profit and loss. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. | |
Currency Risk | ' |
Currency Risk | |
We use the US dollar as our reporting currency. The functional currencies of our significant foreign subsidiaries are the local currency, which includes the Euro, the British pound and the Bulgarian Lev. Accordingly, some assets and liabilities are incurred in those currencies and we are subject to foreign currency risks. | |
Fair Value Measurements | ' |
Fair Value Measurements | |
The Company follows ASC 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. | |
The Company has adopted ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments. | |
Cash and Cash Equivalents | ' |
Cash and cash equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | |
Inventories | ' |
Inventories | |
Pursuant to ASC 330 (Inventories), inventories held for sale are recognized under inventories. Inventories were measured at the lower of cost or market. Cost is determined on a first-in-first out basis, without any overhead component. | |
Goodwill and other Intangible Assets | ' |
Goodwill and other Intangible Assets | |
Intangible assets predominately comprise goodwill, acquired software and capitalized software development services. Intangible assets acquired in exchange for payment are reflected at acquisition costs. If the development costs can be capitalized per ASC 985-20-25, these are reflected as ascribable personnel and overhead costs. | |
Company created software can be intended for sale to third parties or used by the Company itself. If the conditions for capitalization are not met, the expenses are recorded with their effect on profit in the year in which they were incurred. | |
The Company amortizes intangible assets with a limited useful life to the estimated residual book value in accordance with ASC regulations. In addition, in special circumstances according to ASC 350-30, a recoverability test is performed and, if applicable, unscheduled amortization is considered. | |
The useful life of acquired software is between three and five years and three years for Company created software. | |
Intangible assets obtained as part of an acquisition which do not meet the criteria for a separate entry are identified as goodwill. Goodwill is reviewed once a year during an impairment test, whereby the appraised fair value of the invested capital of the reporting unit, is compared with the carrying (book) value of its invested capital amount (including goodwill.) Use value is generally applied in order to determine the recoverability of goodwill and intangible assets with an indefinite useful life. The projected financial plan prepared by the management serves as the basis for this determination of use value and the planning assumptions are each adjusted for the current state of knowledge. Reasonable assumptions regarding macroeconomic trends and historical developments are taken into account in making these adjustments. Future estimated cash flows are determined based on the expected growth rates of the markets in question. | |
If the carrying amount of the reporting unit exceeds the appraised fair value, the impairment based on use value measures the amount of loss, if any, and an unscheduled amortization expense is recorded. If the appraised value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered to be impaired. | |
Property, Plant and Equipment | ' |
Property, Plant and Equipment | |
Property, plant and equipment are valued at acquisition or manufacturing costs reduced by scheduled and, if necessary, unscheduled depreciation. Fixed assets are depreciated on a straight-line basis, prorated over their expected useful life. Scheduled depreciation for property, plant and equipment is based on useful lives of 3 to 10 years. Leasehold Improvements are depreciated up to 40 years. | |
If fixed assets are sold, retired or scrapped, the profit or loss arising from the difference between the net sales proceeds and the residual book value are included under other operating earnings and expenses. | |
Impairment or Disposal of Long-Lived Assets | ' |
Impairment or Disposal of Long-Lived Assets | |
The Company evaluates the recoverability of its fixed assets and other assets in accordance with ASC topic, 360.10. This guidance requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its’ expected cash flows or appraised value In this instance, the asset is considered to be impaired and is written down to fair value. | |
Revenue Recognition | ' |
Revenue Recognition | |
Sources of Revenues: | |
License revenues | |
Our license revenues consist of revenues earned from the licensing of our software products. These products are generally licensed on a perpetual basis. Pricing models have generally been based either upon the physical infrastructure, such as the number of physical desktop computers or servers, on which our software runs or on a per user basis. License revenues are recognized when the elements of revenue recognition for the licensed software are complete, generally upon electronic shipment of the software and the software key to provide full access to all functionalities for our customers. In general, our invoices reflect license, service and maintenance components. In the case of multi element contracts, the revenues allocated to the software license in most cases represent the residual amount of the contract after the fair value of the other elements has been determined. Certain products of our software offering are licensed on a subscription basis. | |
Software maintenance revenues | |
Software maintenance revenues are recognized ratably on a pro-rata basis over the range of the contract period. Our contract periods typically range from one to five years. Vendor-specific objective evidence (“VSOE”) of fair value for software maintenance services is established by the rates charged in stand-alone sales of software maintenance contracts or the stated renewal rate for software maintenance. Customers who are party to software maintenance agreements with us are entitled to receive support, product updates and upgrades on a when-and-if-available basis. | |
Professional services revenues | |
Professional services include pre-project consulting, software design, customization, project management, implementation and training. Professional services are not considered essential to the functionality of our products, as these services do not alter the product capabilities and may be performed by our customers or by other vendors. Professional services engagements performed for a fixed fee, for which we are able to make reasonably dependable estimates of progress toward completion, are recognized on a proportional performance basis based on hours incurred and estimated hours of completion. Professional services engagements that are on a time and materials basis are recognized based on hours incurred. Revenues on all other professional services engagements are recognized upon completion. Our professional services may be sold with software products or on a stand-alone basis. Vendor Specific Objective Evidence (VSOE) of fair value for professional services is based upon the standard rates we charge for such services when sold separately. | |
Foreign currency translation | ' |
Foreign Currency Translation | |
The functional currency of the Company is US dollars. For financial reporting purposes, the financial statements of the subsidiary companies whose functional currency is other than US dollars were translated into US dollars using the current rate method. Assets and liabilities were translated at the exchange rates at the balance sheet dates, revenue and expenses were translated at the average exchange rates and stockholders’ equity was translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of stockholders’ equity. | |
Other Provisions | ' |
Other Provisions | |
According to FASB ASC 450 “Contingencies”, provisions are made whenever there is a current obligation to third parties resulting from a past event which is likely in the future to lead to an outflow of resources and of which the amount can be reliably estimated. Provisions not already resulting in an outflow of resources in the following year are recognized at their discounted settlement amount on the financial statement date. The discount taken is based on market interest rates. The settlement amount also includes the expected cost increases. Provisions are not set off against contribution claims. If the amended estimate leads to a reduction of the obligatory amount, the provision is proportionally reversed and the earnings are recognized in other operating earnings. | |
Deferred Taxes | ' |
Deferred Taxes | |
Income taxes are provided in accordance with FASB Codification topic 740, “Accounting for Income Taxes”. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss-carry forwards. | |
Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that, that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
In July 2012, the FASB issued ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment. With the objective of reducing the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-loved asset categories. The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles – Goodwill and Other – General Intangibles Other than Goodwill. The more-likely-than-not threshold is defined as having the likelihood of more than 50 percent. The amendments are effective for annual and interim impairment tests performed beginning April 1, 2013. Adoption of this new standard is not expected to have significant impact to the Company’s financial statement. | |
Off - Balance Sheet Arrangements | ' |
Off - Balance Sheet Arrangements | |
We have not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholder’s equity or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us. | |
Principles of Consolidation and Reverse Merger | ' |
Principles of Consolidation and Reverse Merger | |
As previously disclosed, the Company has exchanged a total of 5,405,411 shares of common stock in exchange for 50.1% of the outstanding common shares of GROUP. Although the Company was the legal acquirer, the transaction was accounted for as a recapitalization of GROUP in the form of a reverse merger, whereby GROUP became the accounting acquirer and is deemed to have retroactively adopted the capital structure of the Company. Accordingly, the accompanying consolidated financial statements reflect the historical consolidated financial statements of GROUP for periods presented prior to January 6, 2011. All costs associated with the reverse merger transaction were expensed as incurred. Those expenses totaled approximately $300,000 and were included in professional fees in administrative expenses. | |
The Company has based its financial reporting for the consolidation with GROUP in accordance with the FASB ASC 805-40 as it relates to reverse acquisitions. Goodwill has been measured as the excess of the fair value of the consideration effectively transferred by the Company, the acquiree, for financial reporting purposes, over the net amount of the Company’s recognized identifiable assets and liabilities. | |
We have recorded the acquired assets and liabilities of Group Business Software Enterprises, Inc. on the acquisition date of January 6, 2011, at their fair value and the operations of Group Business Software Enterprises, Inc. have been included in the consolidated financial statements since the acquisition date. | |
The assets and liabilities of GROUP, the acquirer for financial reporting purposes, are measured and recognized in the consolidated financial statements at their precombination carrying amounts in accordance with ASC 805-40-45-2(a). Therefore, the non-controlling interest reflects the non-controlling shareholders’ proportionate interest in the pre-combination carrying amounts of GROUP’s net assets even though the non-controlling interests in other acquisitions are measured at their fair values at the acquisition date. | |
COMPANY_AND_BACKGROUND_Tables
COMPANY AND BACKGROUND (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | ' | |||||||||||||||||
Business Acquisition Pro Forma Information | ' | |||||||||||||||||
Supplemental Unaudited Pro Forma | ||||||||||||||||||
Fiscal Year Ended December 31, | ||||||||||||||||||
2012 | ||||||||||||||||||
Pre-Combination | Post Combination | |||||||||||||||||
Subsidiary | Date | Revenue | Earnings | Date | Revenue | Earnings | ||||||||||||
2011 | ($) | ($) | 2012 | ($) | ($) | |||||||||||||
GBS India | 1/1/2011 - 12/31/2011 | (a) | (a) | 7/1/2012 - 12/31/2012 | 9,484 | -438,731 | ||||||||||||
(a) No metric, as this subsidiary was newly formed as of 7/1/2012 | ||||||||||||||||||
Supplemental Pro Forma Combined Entity Figures | ' | |||||||||||||||||
Supplemental Pro Forma | ||||||||||||||||||
Combined Entity Figures | ||||||||||||||||||
Year End 2012 & 2011 | ||||||||||||||||||
Consolidated Figures | ||||||||||||||||||
Date | Revenue | Comprehensive | ||||||||||||||||
Income/(Loss) | ||||||||||||||||||
($) | ($) | |||||||||||||||||
GBS Enterprises | 1/1/2011 - 12/31/2011 | 28,273,092 | -23,858,538 | |||||||||||||||
GBS Enterprises | 1/1/2012 - 12/31/2012 | 25,735,784 | -11,470,748 | |||||||||||||||
CHANGE_IN_ACCOUNTING_POLICIES_
CHANGE IN ACCOUNTING POLICIES (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||
Change In Accounting Policies [Abstract] | ' | ||||||||||||||||
Restatement to the respective Balance sheet | ' | ||||||||||||||||
In accordance with ASC 250, effects of this restatement to the respective statements are shown below: | |||||||||||||||||
For the twelve months ended | |||||||||||||||||
10K/A - 2 | 10K/A - 1 | 10K | 10K/A - 2 & | 10K/A - 1 & 10K | |||||||||||||
Restated | Restated | Original | 10K/A - 1 | Original | |||||||||||||
December 31, 2012 | December 31, 2012 | December 31, 2012 | Difference | Difference | |||||||||||||
$ | $ | $ | $ | $ | |||||||||||||
Assets | |||||||||||||||||
Current Assets | |||||||||||||||||
Cash and cash equivalents | 1,154,602 | 1,154,602 | -4,159,318 | 0 | 5,313,920 | ||||||||||||
Accounts receivable | 4,143,448 | 4,143,448 | 4,914,640 | 0 | -771,192 | ||||||||||||
Inventories | 0 | 0 | |||||||||||||||
Prepaid expenses | 84,304 | 84,304 | 160,095 | 0 | -75,791 | ||||||||||||
Other receivables | 676,976 | 676,976 | 676,976 | 0 | 0 | ||||||||||||
Assets held for sale | 384,862 | 384,862 | 2,231,507 | 0 | -1,846,645 | ||||||||||||
Total current assets | 6,444,192 | 6,444,192 | 9,137,820 | 0 | -2,693,628 | ||||||||||||
Assets held for sale | 1,846,645 | 1,846,645 | 0 | 0 | 1,846,645 | ||||||||||||
Property, plant and equipment | 332,839 | 332,839 | 332,839 | 0 | 0 | ||||||||||||
Other non-current receivables | 428,422 | 428,422 | 428,421 | 0 | 1 | ||||||||||||
Deferred tax assets | 1,132,103 | 1,132,103 | 4,823,871 | 0 | -3,691,768 | ||||||||||||
Goodwill | 34,254,881 | 34,254,881 | 36,206,460 | 0 | -1,951,579 | ||||||||||||
Software | 12,207,031 | 12,207,031 | 13,724,170 | 0 | -1,517,139 | ||||||||||||
Other assets | 156,379 | 156,379 | 156,379 | 0 | 0 | ||||||||||||
Total non-current assets | 50,358,300 | 50,358,300 | 55,672,140 | 0 | -5,313,840 | ||||||||||||
Total assets | 56,802,492 | 56,802,492 | 64,809,961 | 0 | -8,007,469 | ||||||||||||
Liabilities and shareholders' equity | |||||||||||||||||
Current liabilities | |||||||||||||||||
Notes payable | 1,277,407 | 2,313,572 | 0 | -1,036,165 | 2,313,572 | ||||||||||||
Liabilities to banks | 6,774 | 6,774 | 6,774 | 0 | 0 | ||||||||||||
Accounts payable and accrued liabilities | 6,241,733 | 6,241,733 | 10,846,650 | 0 | -4,604,917 | ||||||||||||
Other liabilities | 860,032 | 860,032 | 860,032 | 0 | 0 | ||||||||||||
Deferred income | 6,099,570 | 6,099,570 | 6,099,570 | 0 | 0 | ||||||||||||
Due to related parties | 3,152,034 | 2,115,869 | 48,068 | 1,036,165 | 2,067,801 | ||||||||||||
Liability held for sale | 589,634 | 589,634 | 749,532 | 0 | -159,898 | ||||||||||||
Total current liabilities | 18,227,184 | 18,227,184 | 18,610,626 | 0 | -383,442 | ||||||||||||
Liabilities to banks | 3,716,102 | 3,716,102 | 3,716,101 | 0 | 1 | ||||||||||||
Deferred tax liabilities | 0 | 0 | 874,551 | 0 | -874,551 | ||||||||||||
Retirement benefit obligation | 165,876 | 165,876 | 165,876 | 0 | 0 | ||||||||||||
Liability held for sale | 159,898 | 159,898 | 0 | 0 | 159,898 | ||||||||||||
Total non-current liabilities | 4,041,876 | 4,041,876 | 4,756,528 | 0 | -714,652 | ||||||||||||
Total liabilities | 22,269,060 | 22,269,060 | 23,367,154 | 0 | -1,098,094 | ||||||||||||
Shareholders' equity | |||||||||||||||||
Capital Stock | |||||||||||||||||
Authorized: | |||||||||||||||||
75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | |||||||||||||||||
Issued and outstanding | |||||||||||||||||
29,462 | 29,462 | 29,462 | 0 | 0 | |||||||||||||
Additional paid in capital | 49,691,195 | 49,691,195 | 49,391,663 | 0 | 299,532 | ||||||||||||
Accumulated deficit | -18,974,582 | -18,974,582 | -15,706,308 | 0 | -3,268,274 | ||||||||||||
Other comprehensive income | 442,841 | 442,841 | 313,139 | 0 | 129,702 | ||||||||||||
Total shareholders' equity | 31,188,916 | 31,188,916 | 34,027,957 | 0 | -2,839,041 | ||||||||||||
Noncontrolling interest in subsidiaries | 3,344,516 | 3,344,516 | 7,414,850 | 0 | -4,070,334 | ||||||||||||
Total equity and liabilities | 56,802,492 | 56,802,492 | 64,809,961 | 0 | -8,007,469 | ||||||||||||
Restatement to the respective Income statement | ' | ||||||||||||||||
For the twelve months ended | |||||||||||||||||
10K/A - 2 | 10K/A - 1 | 10K | 10K/A - 2 & | 10K/A - 1 & 10K | |||||||||||||
Restated | Restated | Original | 10K/A - 1 | Original | |||||||||||||
December 31, 2012 | December 31, 2012 | December 31, 2012 | Difference | Difference | |||||||||||||
$ | $ | $ | $ | $ | |||||||||||||
Revenues | |||||||||||||||||
Products | 21,195,435 | 21,195,435 | 21,266,627 | 0 | -71,192 | ||||||||||||
Services | 4,540,349 | 4,540,349 | 4,540,349 | 0 | 0 | ||||||||||||
25,735,784 | 25,735,784 | 25,806,976 | 0 | -71,192 | |||||||||||||
Cost of goods sold | |||||||||||||||||
Products | 5,638,228 | 5,638,228 | 5,638,228 | 0 | 0 | ||||||||||||
Services | 8,976,846 | 8,976,846 | 8,711,016 | 0 | 265,830 | ||||||||||||
14,615,074 | 14,615,074 | 14,349,245 | 0 | 265,829 | |||||||||||||
Gross profit | 11,120,710 | 11,120,710 | 11,457,731 | 0 | -337,021 | ||||||||||||
Operating expenses | |||||||||||||||||
Selling expenses | 12,102,534 | 12,102,534 | 12,102,534 | 0 | 0 | ||||||||||||
Administrative expenses | 5,962,875 | 5,962,875 | 5,837,796 | 0 | 125,079 | ||||||||||||
General expenses | 1,500,086 | 1,500,086 | 4,458,185 | 0 | -2,958,099 | ||||||||||||
19,565,495 | 19,565,495 | 22,398,515 | 0 | -2,833,020 | |||||||||||||
Operating Loss | -8,444,785 | -8,444,785 | -10,940,783 | 0 | 2,495,998 | ||||||||||||
Other Income (Expense) | |||||||||||||||||
Other income (expense) | -1,054,734 | -1,054,734 | 5,806,253 | 0 | -6,860,987 | ||||||||||||
Interest income | 3,027 | 3,027 | 3,027 | 0 | 0 | ||||||||||||
Interest expense | -480,086 | -480,086 | -453,386 | 0 | -26,700 | ||||||||||||
-1,531,793 | -1,531,793 | 5,355,894 | 0 | -6,887,687 | |||||||||||||
Loss before income taxes | -9,976,578 | -9,976,578 | -5,584,889 | 0 | -4,391,689 | ||||||||||||
Income tax (income) expense | 1,432,252 | 1,432,252 | -1,384,965 | 0 | 2,817,217 | ||||||||||||
Net Loss | -11,408,830 | -11,408,830 | -4,199,924 | 0 | -7,208,906 | ||||||||||||
Discontinued operations (net of tax) | 40,607 | 40,607 | 40,607 | 0 | 0 | ||||||||||||
Net Loss attributable to non controlling interest | -4,541,307 | -4,541,307 | -600,676 | 0 | -3,940,631 | ||||||||||||
Net Loss attributable to shareholders | -6,826,916 | -6,826,916 | -3,612,971 | 0 | -3,213,945 | ||||||||||||
Other Comprehensive Loss | -102,525 | -102,525 | -108,443 | 0 | 5,918 | ||||||||||||
Total Comprehensive Loss attributable to stockholders | -6,878,281 | -6,878,281 | -3,612,971 | 0 | -3,265,310 | ||||||||||||
Basic and diluted loss per share | -0.233 | -0.233 | -0.123 | 0 | 0 | ||||||||||||
Weighted average number of shares outstanding | 29,461,664 | 29,461,664 | 29,461,664 | 0 | 0 | ||||||||||||
Restatement to the respective Cash flow statement | ' | ||||||||||||||||
For the twelve months ended | |||||||||||||||||
10K/A - 2 | 10K/A - 1 | 10K | 10K/A - 2 & | 10K/A - 1 & 10K | |||||||||||||
Restated | Restated | Original | 10K/A - 1 | Original | |||||||||||||
December 31, 2012 | December 31, 2012 | December 31, 2012 | Difference | Difference | |||||||||||||
$ | $ | $ | $ | $ | |||||||||||||
Cash flow from operating activities | |||||||||||||||||
Net loss / net income | -11,368,223 | -11,368,223 | -4,159,318 | 0 | -7,208,905 | ||||||||||||
Income from discontinued operations | -40,607 | 0 | 0 | -40,607 | 0 | ||||||||||||
Adjustments | |||||||||||||||||
Deferred income taxes | 1,319,697 | 1,319,697 | -556,679 | 0 | 1,876,376 | ||||||||||||
Depreciation and amortization | 4,148,915 | 4,816,098 | 4,816,098 | -667,183 | 0 | ||||||||||||
Loss from equity investment | 227,781 | 244,219 | 46,754 | 0 | 197,465 | ||||||||||||
Consulting Expense | 272,832 | 0 | 0 | 272,832 | 0 | ||||||||||||
Write-down of Intangibles | 1,517,139 | 0 | 0 | 1,517,139 | 0 | ||||||||||||
Minority interest losses | 0 | -4,541,307 | -600,676 | 4,541,307 | -3,940,631 | ||||||||||||
Interest Expense | 26,700 | 0 | 0 | 26,700 | 0 | ||||||||||||
Foreign exchange | |||||||||||||||||
Changes in operating assets and liabilities | |||||||||||||||||
Accounts receivable and other assets | 1,073,620 | 953,133 | 536,124 | 120,487 | 417,009 | ||||||||||||
Retirement benefit obligation | 15,244 | 15,244 | -15,244 | 0 | 30,488 | ||||||||||||
Inventories | 236,712 | 236,712 | 263,712 | 0 | -27,000 | ||||||||||||
Accounts payable and other liabilities | -5,737,266 | 2,539,440 | 1,181,226 | -8,276,706 | 1,358,214 | ||||||||||||
Net cash provided by operating activities | -8,307,406 | -5,784,987 | 1,484,997 | -2,522,469 | -7,269,984 | ||||||||||||
Net cash provided (used) by discontinued | 70,661 | 0 | 0 | 70,661 | 0 | ||||||||||||
Cash flow from investing activities | |||||||||||||||||
(Increase) Decrease of intangible assets | -3,378,072 | -3,516,593 | -3,516,593 | 138,521 | 0 | ||||||||||||
(Increase) Decrease of property, plant and equipment | -56,262 | -189,137 | -56,262 | 132,875 | -132,875 | ||||||||||||
(Purchase) Sale of subsidiaries | 1,020,500 | 2,498,257 | 2,498,257 | -1,477,757 | 0 | ||||||||||||
(Increase) Decrease in Financial assets | 3,946,222 | -416,357 | 278,676 | 4,362,579 | -695,033 | ||||||||||||
Purchase of financial assets | 0 | 0 | |||||||||||||||
Net cash used in investing activities | 1,532,388 | -1,623,830 | -795,922 | 3,156,218 | -827,908 | ||||||||||||
Cash flow from financing activities | |||||||||||||||||
Net borrowings - banks | 239,798 | -239,798 | -237,797 | 479,596 | -2,001 | ||||||||||||
Other borrowings | -104,414 | 3,392,208 | 2,273,737 | -3,496,622 | 1,118,471 | ||||||||||||
Net Borrowings from related party | 2,719,613 | 0 | 0 | 2,719,613 | 0 | ||||||||||||
Capital paid in | 1,947,500 | 2,244,877 | -2,065,692 | -297,377 | 4,310,569 | ||||||||||||
Net cash used in financing activities | 4,802,497 | 5,397,287 | 215,720 | -594,790 | 5,181,567 | ||||||||||||
Effect of exchange rate changes on cash | -85,796 | -84,689 | -84,689 | -1,107 | 0 | ||||||||||||
Net increase in cash | -1,987,706 | -2,096,219 | -2,096,220 | 108,513 | 1 | ||||||||||||
Cash and cash equivalents - Beginning of the period | 3,142,308 | 3,250,821 | 3,250,821 | -108,513 | 0 | ||||||||||||
Cash and cash equivalents - End of period | 1,154,602 | 1,154,602 | 1,154,602 | 0 | 0 | ||||||||||||
SUBSIDIARY_COMPANIES_Tables
SUBSIDIARY COMPANIES (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||||||
Subsidiary Companies [Abstract] | ' | ||||||||||||||||||||
Subsidiaries Included in Basis of Consolidation | ' | ||||||||||||||||||||
The subsidiaries listed below were included in the basis of consolidation (KUSD =,000’s of US Dollars): | |||||||||||||||||||||
Stockholders' | Percentage of | Profit | Date | ||||||||||||||||||
Equity | of the | ||||||||||||||||||||
as of | |||||||||||||||||||||
12.31.12 | Subscribed Capital | consolidated year | of the | ||||||||||||||||||
Subsidiary | Headquarters | KUSD | KUSD | in % | Ownership | KUSD | First Consolidation | ||||||||||||||
GROUP Business Software (UK) Ltd. | Manchester | -1,334 | 24 | 1 | I | -66 | 12/31/05 | ||||||||||||||
GROUP Business Software Corp. | Woodstock | -12,328 | 1 | 1 | I | -4,367 | 12/31/05 | ||||||||||||||
Permessa Corporation | Waltham | 10 | 0 | 1 | I | 682 | 9/22/10 | ||||||||||||||
Relavis Corporation | Woodstock | -819 | 2 | 1 | I | -10 | 1/8/07 | ||||||||||||||
GROUP Business Software AG | Eisenach | 23,897 | 35,658 | 1 | I | -655 | 6/1/11 | ||||||||||||||
Pavone GmbH | Boeblingen | -1,223 | 44 | 1 | D | -503 | 1/4/11 | ||||||||||||||
Groupware Inc. | Woodstock | -482 | 1 | 1 | D | 0 | 1/6/11 | ||||||||||||||
IDC Global, Inc. | Chicago | 2,442 | 0 | 1 | D | 128 | 7/25/11 | ||||||||||||||
GBS India | Chennai | 101 | 14 | 1 | D | 89 | 9/30/12 | ||||||||||||||
D - Direct Subsidiary | |||||||||||||||||||||
I - Indirect Subsidiary | |||||||||||||||||||||
ASSETS_AND_LIABILITIES_HELD_FO1
ASSETS AND LIABILITIES HELD FOR SALE (Tables) | 12 Months Ended | |||||||
Dec. 31, 2012 | ||||||||
Assets Held For Re Sale [Abstract] | ' | |||||||
Disclosure of Long Lived Assets Held-for-sale | ' | |||||||
Summarized financial information for balance sheet disclosure is shown below. | ||||||||
Balance Sheet | 2012 | 2011 | ||||||
$ | $ | |||||||
Current assets | ||||||||
Cash and cash equivalents | 86,438 | 132,620 | ||||||
Accounts Receivable | 214,953 | 156,687 | ||||||
Prepaid expenses | 5,438 | 54,375 | ||||||
Other receivables | 78,033 | 339,317 | ||||||
Assets held for sale | 384,862 | 682,999 | ||||||
Non - current assets | ||||||||
Property, plant and equipment | 1,315,572 | 1,083,018 | ||||||
Deferred tax assets | 297,000 | 297,000 | ||||||
Software | 5,261 | 8,705 | ||||||
Other assets | 228,812 | - | ||||||
Assets held for sale | 1,846,645 | 1,388,723 | ||||||
Current liabilities | ||||||||
Accounts payables and accrued liabilities | 322,527 | 415,854 | ||||||
Deferred income | 79,886 | 4,170 | ||||||
Other liabilities | 187,221 | 135,007 | ||||||
Liability held for sale | 589,635 | 555,031 | ||||||
Non - current liabilities | ||||||||
Other liabilities | 159,898 | 7,662 | ||||||
Liability held for sale | 159,898 | 7,662 | ||||||
Results of Operations Classified as Income/(loss) from Discontinued Operations on Statement of Operations and Statement of Cash Flows | ' | |||||||
The results of operations have been classified as income from discontinued operations on the statement of operations and the statement of cash flows for SD Holdings, Ltd. and IDC Global, Inc. as follows: | ||||||||
For the twelve months | ||||||||
ended | ||||||||
12/31/12 | ||||||||
SD Holdings, Ltd. | -25,001 | |||||||
IDC Global, Inc. | 65,608 | |||||||
Income from discontinued operations | 40,607 | |||||||
PROPERTY_PLANT_AND_EQUIPMENT_T
PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property Plant and Equipment Cost and Accumulated Depreciation | ' | ||||||||
Depreciation of the computer hardware listed as office equipment is distributed over a period of three to five years. The depreciation period for other office equipment is three to ten years. Office furnishings are depreciated over a period of eight to ten years. Leasehold Improvements are depreciated up to 40 years. | |||||||||
Property, Plant and | Development | Development | Balance | ||||||
Equipment | of the cost | of | |||||||
kUSD | accumulated | ||||||||
depreciation | |||||||||
Restated 12/31/2011 | 8,460 | 7,938 | 522 | ||||||
Additions | 280 | 339 | |||||||
Disposals | -1,411 | -208 | |||||||
Currency differences | 118 | 110 | |||||||
Reclassifications | -240 | -1,305 | |||||||
Restated 12/31/2012 | 7,207 | 6,874 | 333 | ||||||
NONOPERATING_RECEIVABLES_Table
NON-OPERATING RECEIVABLES (Tables) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Other Assets, Noncurrent [Abstract] | ' | |||||
Long Term Investments | ' | |||||
The major components of the Non-Operating Receivables include the following: | ||||||
KUSD | KUSD | |||||
Restated | Restated | |||||
12/31/12 | 12/31/11 | |||||
Receivable from sale of GEDYS IntraWare GmbH | ||||||
Balance outstanding, payable in monthly installments of $20,006, bearing interest at prime plus .25%, not be greater than 2% per annum | 0 | 777 | ||||
Current portion, included in other current receivables | 0 | 233 | ||||
0 | 544 | |||||
Cooperative shares | 1 | 0 | ||||
Other long term receivables | 427 | 5 | ||||
Balance | 428 | 549 | ||||
GOODWILL_Tables
GOODWILL (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||
Goodwill Arising from Business Acquisitions | ' | ||||||||||||||||||
Goodwill derives from the following business acquisitions: | |||||||||||||||||||
December 31, 2012 | 1/1/12 | Additions | Adjustments | Written Off | 12/31/12 | ||||||||||||||
GROUP Business Software AG | 20,194.40 | 0 | -1,768.80 | 0 | 18,425.60 | ||||||||||||||
GROUP Business Software Corp | 2,177.50 | 0 | 0 | 2,177.50 | 0 | ||||||||||||||
GROUP Live N.V. | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
GROUP Business Software Ltd. | 2,765.10 | 0 | 0 | 0 | 2,765.10 | ||||||||||||||
EbVokus Software GmbH | 443.6 | 0 | 0 | 443.6 | 0 | ||||||||||||||
Relavis Corporation | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
Permessa Corporation | 2,387.40 | 0 | 0 | 0 | 2,387.40 | ||||||||||||||
Pavone GmbH | 5,950.50 | 0 | 0 | 0 | 5,950.50 | ||||||||||||||
IDC Global Inc. | 2,994.40 | 0 | 0 | 0 | 2,994.40 | ||||||||||||||
SD Holdings | 2,308.70 | 0 | 0 | 2,308.70 | 0 | ||||||||||||||
GBS India | 0 | 1,731.80 | 0 | 0 | 1,731.80 | ||||||||||||||
Totals | 39,221.60 | 1,731.80 | -1,768.80 | 4,929.80 | 34,254.90 | ||||||||||||||
December 31, 2011 | 1/1/11 | Additions | Adjustments | Written Off | 12/31/11 | ||||||||||||||
GROUP Business Software AG | 14,597.30 | 8,705.50 | 0 | 3,108.40 | 20,194.40 | ||||||||||||||
GROUP Business Software Corp | 2,177.50 | 0 | 0 | 0 | 2,177.50 | ||||||||||||||
GROUP Live N.V. | 1,324.20 | 0 | 0 | 1,324.20 | 0 | ||||||||||||||
GROUP Business Software Ltd. | 2,765.10 | 0 | 0 | 0 | 2,765.10 | ||||||||||||||
EbVokus Software GmbH | 443.6 | 0 | 0 | 0 | 443.6 | ||||||||||||||
Relavis Corporation | 7,288.30 | 0 | 0 | 7,288.30 | 0 | ||||||||||||||
Permessa Corporation | 2,387.40 | 0 | 0 | 0 | 2,387.40 | ||||||||||||||
Pavone GmbH | 0 | 5,950.50 | 0 | 0 | 5,950.50 | ||||||||||||||
IDC Global Inc. | 0 | 2,994.40 | 0 | 0 | 2,994.40 | ||||||||||||||
SD Holdings | 0 | 2,308.70 | 0 | 0 | 2,308.70 | ||||||||||||||
Totals | 30,983.40 | 19,959.10 | 0 | 11,720.90 | 39,221.60 | ||||||||||||||
INTANGIBLE_ASSETS_Tables
INTANGIBLE ASSETS (Tables) | 12 Months Ended | |||||||
Dec. 31, 2012 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Software Development | ' | |||||||
Amortization of concessions, industrial property and similar rights and assets, as well as licenses to such rights and assets are presented in the profit and loss statement under "Depreciation and Amortization." | ||||||||
Concessions and licenses | Development of | Development of | Balance | |||||
kUSD | the cost | accumulated | ||||||
depreciation | ||||||||
Restated 12/31/2011 | 33,085.10 | 18,835.20 | 14,249.90 | |||||
Additions | 1,269.30 | 1,266.20 | ||||||
Disposals | -244.5 | -5.8 | ||||||
Currency differences | 895.2 | 736.1 | ||||||
Reclassifications | -715.9 | - | ||||||
Impairment charge | -1,250.50 | - | ||||||
Restated 12/31/2012 | 33,038.70 | 20,831.70 | 12,207.00 | |||||
NOTES_PAYABLE_Tables
NOTES PAYABLE (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||
Schedule of Debt | ' | |||||||||||||||||
A breakdown of the Notes Payable of $1,277,407 as of December 31, 2012 (December 31, 2011 restated year end: $1,381,821) is as follows: | ||||||||||||||||||
Related | Unrelated | |||||||||||||||||
Date of | Interest | Party | Party | |||||||||||||||
Lender | Loan | Principal | Accrued | Total | Loan | Loan | Due Date | |||||||||||
$ | $ | $ | ||||||||||||||||
Director | 7/5/12 | 50,000 | 2,084 | 52,084 | 52,084 | 1/5/13 | ||||||||||||
Unrelated Investor | 7/5/12 | 250,000 | 10,421 | 260,421 | 260,421 | 1/5/13 | ||||||||||||
Director | 7/5/12 | 252,500 | 10,526 | 263,026 | 263,026 | 1/5/13 | ||||||||||||
Director | 8/13/12 | 1,000,000 | 76,712 | 1,076,712 | 1,076,712 | 8/13/13 | ||||||||||||
Director | 10/26/12 | 1,000,000 | 36,165 | 1,036,165 | 1,036,165 | 10/26/13 | ||||||||||||
Unrelated Investor | 11/30/12 | 500,000 | 8,493 | 508,493 | 508,493 | 11/30/13 | ||||||||||||
Unrelated Investor | 11/30/12 | 500,000 | 8,493 | 508,493 | 508,493 | 11/30/13 | ||||||||||||
Total | 3,552,500 | 152,894 | 3,705,394 | 2,427,987 | 1,277,407 | |||||||||||||
ACCOUNTS_PAYABLE_AND_ACCRUED_L1
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||||
Payables and Accruals [Abstract] | ' | |||||||||||||||||||
Other Accrual | ' | |||||||||||||||||||
Other provisions are created as of the financial statement date in an amount necessary according to a reasonable commercial appraisal, to cover future payment obligations, perceivable risks and uncertain liabilities of the Company. Amounts deemed to be most likely to occur, in careful assessment, are accrued. | ||||||||||||||||||||
Restated | Currency | Restated | ||||||||||||||||||
KUSD | 12/31/11 | Utilization | Dissolution | Increase | Differences | 12/31/12 | ||||||||||||||
Tax provision | 32 | -32 | 0 | 57 | 0 | 57 | ||||||||||||||
Salary | 859 | -489 | 24 | 451 | 16 | 861 | ||||||||||||||
Vacation | 439 | -303 | 30 | 137 | 12 | 315 | ||||||||||||||
Workers Compensation Insurance Association | 27 | -21 | 0 | 17 | 1 | 24 | ||||||||||||||
Compensation Levy for Non-Employment of Severely Handicapped Persons | 17 | -16 | 0 | 18 | 0 | 19 | ||||||||||||||
Outstanding Invoices | 882 | -626 | 60 | 722 | 22 | 1,059 | ||||||||||||||
Annual Financial Statement Costs | 401 | -279 | 0 | 0 | 4 | 126 | ||||||||||||||
Other Provisions | 367 | -221 | 0 | 294 | 6 | 446 | ||||||||||||||
Warranties | 60 | -4 | 0 | 41 | 96 | |||||||||||||||
Gesture of Goodwill | 160 | -160 | 0 | |||||||||||||||||
Provision for Legal Costs | 71 | -4 | 0 | 5 | 72 | |||||||||||||||
Severance | 0 | 0 | 0 | 70 | 0 | 70 | ||||||||||||||
Total | 3,314 | -2,155 | 114 | 1,766 | 107 | 3,147 | ||||||||||||||
OTHER_LIABILITIES_SHORT_TERM_T
OTHER LIABILITIES - SHORT TERM (Tables) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Debt Disclosure [Abstract] | ' | |||||
Other Short-Term Liabilities | ' | |||||
Other Short-Term | 12/31/12 | 12/31/11 | ||||
Liabilities | Restated | Restated | ||||
KUSD | KUSD | |||||
Purchase Assets L911 | 0 | 1,094 | ||||
Purchase Assets Permessa | 750 | 1,900 | ||||
Tax Liabilities | 0 | 724 | ||||
Purchase Archiving Software | 0 | 324 | ||||
Other Liabilities | 110 | 210 | ||||
860 | 4,252 | |||||
DUE_TO_RELATED_PARTIES_Tables
DUE TO RELATED PARTIES (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2012 | ||||||||||||||
Due to Related Parties [Abstract] | ' | |||||||||||||
Schedule of Related Party Transactions | ' | |||||||||||||
Business transactions between the companies and its subsidiaries which are also considered to be related companies were eliminated through the consolidation and are not reflected within these footnotes to the consolidated statements. | ||||||||||||||
12/31/12 | 12/31/11 | |||||||||||||
Restated | Restated | |||||||||||||
KUSD | KUSD | |||||||||||||
Accounts payable and Accruals: | ||||||||||||||
A company owned by the CFO | 72 | 21.1 | ||||||||||||
A company owned by the CEO | 493.6 | 360 | ||||||||||||
Board of Directors fees and outstanding expenses | 110.4 | - | ||||||||||||
Notes payable (per Note 14) | 2,428 | - | ||||||||||||
Due to associated company | 48.1 | 51.3 | ||||||||||||
3,152.10 | 432.4 | |||||||||||||
Schedule of Remuneration to Management | ' | |||||||||||||
Remuneration of the management occupying key positions within the Company and its’ subsidiaries including that of the Board of Directors include the following: | ||||||||||||||
2012 | 2011 | |||||||||||||
Paid | Accrued | Paid | Accrued | |||||||||||
Management Fees (to an officer-Company) | 0 | 120,000 | 0 | 360,000 | ||||||||||
Management Fees (to an officer-subsidiary) | 399,295 | 0 | 421,956 | 0 | ||||||||||
Management Fees (to an officer-Company) | 122,452 | 0 | N/A | N/A | ||||||||||
Management Fees (to an officer-subsidiary) | 196,026 | 68,844 | 211,529 | 99,553 | ||||||||||
Management Fees (to an officer-Company; includes consulting fees from a subsidiary) | 188,931 | 96,279 | 135,107 | 0 | ||||||||||
Management Fees (to an officer-Company) | 20,000 | 0 | 114,750 | 10,000 | ||||||||||
Management Fees (to an officer-subsidiary) | 178,873 | 38,247 | 194,758 | 65,448 | ||||||||||
Management Fees (to a Director-Company) | 13,667 | 22,833 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 11,650 | 18,275 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 0 | 18,100 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 14,150 | 16,275 | N/A | N/A | ||||||||||
Management Fees (to a Director-Company) | 0 | 22,425 | N/A | N/A | ||||||||||
COMMON_STOCK_Tables
COMMON STOCK (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||
Assumptions for Warrants Issued | ' | ||||||||||||||||||||||||
Black-Scholes assumptions for warrants issued were as follows: | |||||||||||||||||||||||||
For the period ending: | 12/31/12 | 12/31/11 | |||||||||||||||||||||||
Volatility | 120.6 - 134.3 | % | 77.1 | % | |||||||||||||||||||||
Risk free interest rate | 0.34 - 0.51 | % | 1.19 | % | |||||||||||||||||||||
Expected Life (years) | 3 | 3 | |||||||||||||||||||||||
Dividend Rate | Nil | Nil | |||||||||||||||||||||||
Summary of Warrants Issued | ' | ||||||||||||||||||||||||
The value of this issuance, using the Black-Scholes pricing model was determined to $2,624 and this amount was recorded as a consulting expense. | |||||||||||||||||||||||||
# of shares | Fair | Balance | |||||||||||||||||||||||
value | |||||||||||||||||||||||||
allowed to | Issue | Expiry | Strike | at | End of | ||||||||||||||||||||
purchase | Date | Date | Price | Issuance | Issued | Exercised | Period | ||||||||||||||||||
# | $ | $ | # | # | # | ||||||||||||||||||||
Opening - Jan 1, 2011 | 2,000,000 | 10/1/10 | 6/1/13 | 4 | - | - | - | 2,000,000 | |||||||||||||||||
Issued for financing services | 3/11/11 | 3/14/14 | 1.5 | - | 707,280 | - | 707,280 | ||||||||||||||||||
Issued for financing services | 3/28/11 | 3/24/14 | 1.5 | - | 15,000 | - | 15,000 | ||||||||||||||||||
sold with share units | 3/31/11 | 3/31/14 | 1.5 | - | 6,044,000 | 2,020,000 | 4,024,000 | ||||||||||||||||||
Issued for consulting services | 4/1/11 | 4/1/14 | 1.5 | 34,000 | -1 | 100,000 | - | 100,000 | |||||||||||||||||
Closing - Dec 31, 2011 | 6,866,280 | 2,020,000 | 6,846,280 | ||||||||||||||||||||||
Opening - Jan 1, 2012 | 6,846,280 | 5,000 | 6,841,280 | ||||||||||||||||||||||
Amended | -2,000,000 | 10/1/10 | 6/1/13 | 4 | - | - | - | - | |||||||||||||||||
Reissued | 2,000,000 | 6/1/12 | 6/1/15 | 1 | 556,785 | - | - | - | |||||||||||||||||
Issued for legal services | 3/31/12 | 3/31/12 | 1.1 | 270,208 | -2 | 250,000 | - | 250,000 | |||||||||||||||||
Issued for nominal value | 3/28/12 | 3/28/15 | 0.5 | 2,457,662 | 2,020,000 | 900,000 | 1,120,000 | ||||||||||||||||||
Sold with share units | 4/16/12 | 4/16/15 | 1.5 | 90,000 | 120,000 | - | 120,000 | ||||||||||||||||||
Issued with debt conversion | 4/28/12 | 4/28/15 | 1.75 | - | 550,000 | - | 550,000 | ||||||||||||||||||
Issued with debt conversion | 4/30/12 | 4/30/15 | 1.75 | - | 500,000 | - | 500,000 | ||||||||||||||||||
Sold with share units | 5/10/12 | 5/10/15 | 1.5 | 25,800 | 30,000 | - | 30,000 | ||||||||||||||||||
Issued with debt | 7/5/12 | 7/5/12 | 0.5 | 26,500 | 550,000 | - | 550,000 | ||||||||||||||||||
Issued with debt | 8/13/12 | 8/13/15 | 0.35 | - | 100,000 | - | 100,000 | ||||||||||||||||||
Issued with debt | 10/26/12 | 10/29/15 | 0.2 | - | 500,000 | 500,000 | - | ||||||||||||||||||
Issued with debt | 11/30/12 | 11/30/15 | 0.2 | - | 500,000 | 250,000 | 250,000 | ||||||||||||||||||
Issued for consulting services | 12/21/12 | 12/21/15 | 0.21 | 2,624 | -1 | 16,875 | - | 16,875 | |||||||||||||||||
Closing - Dec 31, 2012 | 5,136,875 | 1,655,000 | 10,328,155 | ||||||||||||||||||||||
(1) recorded as consulting expense | |||||||||||||||||||||||||
(2) recorded as legal expense | |||||||||||||||||||||||||
REVENUE_ALLOCATION_Tables
REVENUE ALLOCATION (Tables) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Segment Reporting [Abstract] | ' | |||||
Gross Revenue Broken Down By Products | ' | |||||
Gross revenue may be broken down by the following products for the twelve months ended December 31, 2012 are as follows: | ||||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
Sales Revenues | KUSD | KUSD | ||||
Licenses | 4,244 | 5,004 | ||||
Maintenance | 10,802 | 11,343 | ||||
Partner Contribution | 0 | 0 | ||||
Service | 4,540 | 6,485 | ||||
Third-Party Products | 2,905 | 2,302 | ||||
LND Third-Party Products | 3,114 | 2,960 | ||||
Others | 131 | 179 | ||||
25,736 | 28,273 | |||||
Revenues by Geographic Area | ' | |||||
Revenues by geographical area for the twelve months ended December 31, 2012 are as follows: | ||||||
Sales Revenues | 12/31/12 | 12/31/11 | ||||
Restated | Restated | |||||
by geographic area | KUSD | KUSD | ||||
US | 10,689 | 9,232 | ||||
Germany | 14,211 | 17,932 | ||||
United Kingdom | 836 | 1,109 | ||||
25,736 | 28,273 | |||||
Long-lived Assets By Geographic Area | ' | |||||
Long-lived assets by geographical area, which primarily include property plant and equipment, are as follows: | ||||||
Long-lived assets | 12/31/12 | 12/31/11 | ||||
Restated | Restated | |||||
by geographic area | KUSD | KUSD | ||||
US | 124 | 204 | ||||
Germany | 206 | 292 | ||||
United Kingdom | 3 | 3 | ||||
Others | 0 | 23 | ||||
333 | 522 | |||||
OTHER_INCOMEEXPENSE_Tables
OTHER INCOME/EXPENSE (Tables) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Other Income and Expenses [Abstract] | ' | |||||
Other Income (Expense) | ' | |||||
At the financial statement date, Other expense was 1,532 KUSD (December 31, 2011 restated Other expense: 16,267 KUSD). | ||||||
Other Income / Expense | 12/31/12 | 12/31/11 | ||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Other Expense | -1,055 | -15,895 | ||||
Interest Income | 3 | 34 | ||||
Interest Expense | -480 | -406 | ||||
Ending Balance Other Expense | -1,532 | -16,267 | ||||
DEFERRED_INCOME_TAXES_Tables
DEFERRED INCOME TAXES (Tables) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Deferred Income Taxes and Other Assets [Abstract] | ' | |||||
Reconciliation of Consolidated Earnings Before Taxes to the Income Tax Expense | ' | |||||
The following schedule details the reconciliation of the Consolidated Earnings Before Taxes to the Income Tax Expense per the Consolidated Profit and Loss Statement: | ||||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Statutory rate | 23.0% - 34.0% | 23.0% - 34.0% | ||||
Expected income taxes recovery at the statutory rate | -2,285 | -6,512 | ||||
Effect of change in tax rate | -194 | 593 | ||||
Permanent differences | 430 | 1,061 | ||||
Temporary differences | 813 | 66 | ||||
Price allocation from consolidation | -86 | 2,287 | ||||
Change in deferred income tax asset | -735 | 354 | ||||
Valuation allowance | 3,490 | 0 | ||||
Income tax expense (recovery) recognized | 1,432 | -2,151 | ||||
Income tax expense (recovery) is comprised of: | ||||||
Current | 112 | 43 | ||||
Future | 1,320 | -2,194 | ||||
Summary of Basic Components of Deferred Tax Liability | ' | |||||
The following schedule reflects a summary of the basic components of the Deferred tax assets as presented in the Company’s Consolidated Balance Sheet. | ||||||
USD | USD | |||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Intangible assets | -475 | -732 | ||||
Non-capital losses available for future periods | 5,136 | 3,339 | ||||
Price allocation from consolidation | -68 | -154 | ||||
Assets held for resale | 297 | 0 | ||||
4,890 | 2,452 | |||||
Valuation allowance | -3,758 | 0 | ||||
1,132 | 2,452 | |||||
USD | USD | |||||
12/31/12 | 12/31/11 | |||||
Restated | Restated | |||||
KUSD | KUSD | |||||
Short term assets | 0 | 0 | ||||
Long term assets | 2,007 | 3,648 | ||||
Long term liability | -875 | -1,196 | ||||
1,132 | 2,452 | |||||
PENSION_PLAN_OBLIGATIONS_Table
PENSION PLAN OBLIGATIONS (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2012 | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||
Schedule of Changes in Fair Value of Plan Assets | ' | |||||||||
The following table presents the status of GROUP AG’s pension plan. The benefit obligation for pension plans represents the projected benefit obligation. GROUP AG’s benefit obligations and plan assets are measured each year as of December 31. | ||||||||||
Restated | Restated | |||||||||
Pensions Benefits in KUSD | 12/31/12 | 12/31/11 | ||||||||
Change in benefit obligation: | ||||||||||
Benefit Obligation at beginning of year | 150 | 154 | ||||||||
Service cost | 0 | 0 | ||||||||
Interest cost | 9 | 8 | ||||||||
Actuarial loss (gain) | 102 | -7 | ||||||||
Curtailment (gain) loss | 0 | 0 | ||||||||
Plan amendments | 0 | 0 | ||||||||
Foreign exchange rate changes | 4 | -6 | ||||||||
Benefits paid | 0 | 0 | ||||||||
Benefit Obligation at end of year | 265 | 150 | ||||||||
Change in plan assets: | ||||||||||
Fair value of plan assets at beginning of year | 93 | 93 | ||||||||
Actual return on plan assets | 4 | 4 | ||||||||
Employer contributions | 0 | 0 | ||||||||
Participant contributions | 0 | 0 | ||||||||
Benefits paid | 0 | 0 | ||||||||
Foreign exchange rate changes | 2 | -4 | ||||||||
Fair value of plan assets at end of year | 99 | 93 | ||||||||
Benefit Obligation at end of year | 166 | 57 | ||||||||
Restated | Restated | |||||||||
Pension Benefits in KUSD | 12/31/12 | 12/31/11 | ||||||||
Amounts recognized in the Balance Sheet | ||||||||||
Current Liabilities | -166 | -57 | ||||||||
Amounts recognized in other accumulated comprehensive earnings | ||||||||||
Net actuarial loss (gain) | 107 | -2 | ||||||||
Prior service cost (credit) | 0 | |||||||||
Total net periodic benefit cost | 107 | -2 | ||||||||
Schedule Of Net Benefit Costs and Defined Benefit Plan Amounts Recognized In Other Comprehensive Income (Loss) | ' | |||||||||
The following table presents the components of net periodic benefit cost and other comprehensive earnings for Group AG’s pension plan. | ||||||||||
Restated | Restated | |||||||||
Pension Benefits in KUSD | 12/31/12 | 12/31/11 | ||||||||
Net periodic benefit cost: | ||||||||||
Service cost | 0 | 0 | ||||||||
Interest cost | 9 | 8 | ||||||||
Recognition of net actuarial loss (gain) | 102 | -4 | ||||||||
Recognition of prior service cost | ||||||||||
Total net periodic benefit cost | 111 | 4 | ||||||||
Other comprehensive earnings: | ||||||||||
Actuarial (gain) loss arising in current year | -4 | -6 | ||||||||
Prior service costs (credit) arising in current year | 0 | 0 | ||||||||
Recognition of net actuarial loss (gain) | 0 | 0 | ||||||||
Recognition of prior service cost | 0 | 0 | ||||||||
Benefit Obligation at end of year | -4 | -6 | ||||||||
Total recognized | 107 | -2 | ||||||||
Schedule of Assumptions Used | ' | |||||||||
The following table presents the weighted average actuarial assumptions that were used to determine benefit obligations and net periodic benefit costs for both pension plans. | ||||||||||
Pension Benefits | ||||||||||
12/31/12 | 2012 | 2011 | ||||||||
Assumption to determine benefit obligations: | ||||||||||
Discount rate | 3.4 | % | 5.9 | % | 5.7 | % | ||||
Rate of compensation increase | 1 | % | 1 | % | N/A | |||||
Assumptions to determine net periodic benefit cost: | ||||||||||
Discount rate | 6 | % | 6 | % | 6 | % | ||||
Expected return on plan assets | N/A | N/A | N/A | |||||||
Rate of compensation increase | N/A | N/A | N/A | |||||||
Schedule of Defined Benefit Plans Disclosures | ' | |||||||||
Changes in present value of the defined benefit obligation are as follows: | ||||||||||
Description | 2012 | |||||||||
Defined benefit obligation as at June 5 | 38,474 | |||||||||
Interest cost | 1,507 | |||||||||
Current service cost | 3,143 | |||||||||
Benefits paid | 2,036 | |||||||||
Actuarial (gain) loss on obligation | 5,114 | |||||||||
Defined benefit obligation as at December 31 | 35,974 | |||||||||
Schedule Of Defined Benefit Plan Amounts Recognized In Profit and Loss | ' | |||||||||
Employee benefits towards compensated absences recognized in the profit and loss accounts are as follows: | ||||||||||
Description | 2012 | |||||||||
Current service cost | 3,143 | |||||||||
Interest cost | 1,507 | |||||||||
Gratuity | ' | |||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||
Schedule of Accrued Liabilities | ' | |||||||||
Details of the provision for gratuity which is included within Accrued Liabilities: | ||||||||||
Description | 12/31/12 | |||||||||
Restated | ||||||||||
Defined benefit obligation | 35,974 | |||||||||
Fair value of plan assets | - | |||||||||
Less: Unrecognized past service cost | - | |||||||||
Plan Liability (adjusted from operating revenue/retained earnings) | 35,974 | |||||||||
COMMITMENTS_Tables
COMMITMENTS (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2012 | |||||||||||
Commitments [Abstract] | ' | ||||||||||
Commitments | ' | ||||||||||
The Company has the following commitments as at December 31, 2012: | |||||||||||
Financial Obligations | |||||||||||
Amount for Next 12 | Amount | ||||||||||
Exceeding 12 | |||||||||||
Months | Months | Total | |||||||||
1/1/2013 to | 1/1/2014 & | Commitments | |||||||||
12/31/13 | On | ||||||||||
($) | ($) | ($) | |||||||||
Total Liabilities from Rental Agreements | 926,947.15 | 994,845.02 | 1,921,792.17 | ||||||||
Obligations from Vehicle Lease Agreements | 167,437.69 | 66,568.23 | 234,005.92 | ||||||||
Obligations from Other Lease Agreements | 163,694.67 | 154,231.11 | 317,925.79 | ||||||||
Obligations started after 12/31/12 | - | - | - | ||||||||
Total Financial Obligations | 1,258,079.51 | 1,215,644.37 | 2,473,723.88 | ||||||||
SUPPLEMENTAL_CASH_FLOW_DISCLOS1
SUPPLEMENTAL CASH FLOW DISCLOSURES (Tables) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Supplemental Cash Flow Elements [Abstract] | ' | |||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | ' | |||||
Additional Information: | ||||||
For the fiscal year: | For the fiscal year: | |||||
1/1/2012 - 12/31/2012 | 1/1/2011 - 12/31/2011 | |||||
Interest Expense: | 157,719 | 170,222 | ||||
Corporate Income Taxes Paid (Recovered): | 30,599 | 56,939 | ||||
Corporate Taxes (Refunds): | 12,156 | 0 | ||||
Total Cash Expenditure | 176,161 | 227,161 | ||||
Company_and_Background_Additio
Company and Background - Additional Information (Detail) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 0 Months Ended | 1 Months Ended | 1 Months Ended | |||||||||||||||||||||
Feb. 15, 2013 | Oct. 01, 2012 | Jan. 05, 2011 | Nov. 01, 2010 | Nov. 23, 2012 | Nov. 23, 2012 | Apr. 26, 2010 | Mar. 12, 2010 | Dec. 31, 2012 | 31-May-12 | Apr. 30, 2012 | Dec. 31, 2011 | Apr. 26, 2010 | Dec. 31, 2012 | Feb. 15, 2013 | Feb. 15, 2013 | Jan. 06, 2011 | Feb. 27, 2012 | Mar. 12, 2010 | Dec. 30, 2010 | Feb. 01, 2013 | Dec. 31, 2012 | Mar. 12, 2010 | Apr. 30, 2012 | Dec. 31, 2012 | Jan. 06, 2011 | Apr. 02, 2012 | Nov. 01, 2011 | Sep. 27, 2011 | Jul. 25, 2011 | Dec. 31, 2012 | Jun. 01, 2011 | Dec. 31, 2012 | Jun. 30, 2011 | Apr. 01, 2011 | Apr. 30, 2011 | Jul. 31, 2012 | Jul. 01, 2012 | Aug. 01, 2012 | Apr. 26, 2010 | |
EUR (€) | USD ($) | USD ($) | USD ($) | USD ($) | BGN | USD ($) | USD ($) | USD ($) | Special Purpose Private Equity Funds | Special Purpose Private Equity Funds | 2015 Subsequent Event | 2015 Subsequent Event | GROUP Business Software AG | GROUP Business Software AG | GROUP Business Software AG | GROUP Business Software AG | GROUP Business Software AG | GROUP Business Software AG | Lotus Holdings Ltd | Lotus Holdings Ltd | Lotus Holdings Ltd | Group Common Stock | Sd Holdings Ltd | Sd Holdings Ltd | Sd Holdings Ltd | IDC Global, Inc. | IDC Global, Inc. | GroupWare, Inc. | GroupWare, Inc. | GroupWare, Inc. | Pavone AG | Pavone AG | GBS India Private Limited | GBS India Private Limited | GBS India Private Limited | SWAV Enterprises Ltd | ||||
USD ($) | EUR (€) | USD ($) | USD ($) | USD ($) | EUR (€) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued for purchase of assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,265,240 |
Shares issued for new issues, shares | ' | ' | ' | ' | ' | ' | 11,984,770 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued for new issues, values | ' | ' | ' | ' | ' | ' | $370,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares of common stock owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,250,010 |
Business acquisition, percentage of interests acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28.20% | 50.10% | 50.10% | ' | ' | ' | ' | ' | 100.00% | 100.00% | 100.00% | 1.00% | ' | 1.00% | 100.00% | 100.00% | ' | ' | ' | 100.00% | 95.00% |
Common stock outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 29,461,664 | ' | ' | 27,306,664 | ' | ' | ' | ' | ' | 26,982,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 |
Stock trading price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | € 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of SPPEF | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contribution to special purpose private equity funds | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of interest by Lotus on behalf of SPPEF | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 79.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchase of share acquired by Lotus | ' | ' | 2,361,426 | 3,043,985 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,405,411 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance date of secured notes | ' | ' | 5-Jan-11 | 1-Nov-10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount secured noted for repurchase of common stock | ' | ' | 200,000 | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate Share purchase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,641,235 | ' | ' | 7,115,500 | ' | ' | ' | ' | ' | 5,525,735 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate Consideration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,043,985 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding shares acquired, percent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition additional Common Stock purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 883,765 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt converted into shares | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,750,000 | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 619,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, cash paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,877,232 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 525,529 | ' | 750,000 | ' | ' | ' | 250,000 | ' | 350,000 | ' | ' | ' | ' |
Business acquisition, shares of common stock issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 612,874 | 880,000 | ' | 250,000 | ' | ' | 1,000,000 | ' | ' | ' | ' | ' |
Fair value common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2.05 | ' | $3.70 | ' | ' | ' | $4.34 | ' | $4.90 | ' | ' | ' | ' |
Business acquisition, debt assumed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 883,005 | ' | ' | ' | 694,617 | ' | 583,991 | ' | ' | ' | ' |
Business acquisition, total acquisition price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,066,000 | ' | ' | ' | 2,029,617 | ' | 5,843,991 | ' | ' | ' | ' |
Business acquisition, shares of common stock issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 612,874 | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' |
Bonus to personnel on acquisition agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Legal fees related to transaction of acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, contingent consideration, shares issuable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of business for restructuring of subsidiary | ' | ' | ' | ' | 16,438 | 25,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,877,232 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,877,232 | ' | ' |
Royalty Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000 | ' | ' | ' |
Additional profit based fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 | ' | ' | ' |
Purchase price of software and operational assets | ' | 459,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Paid for software and operational assets | € 200,000 | $258,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $201,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency exchange rate | ' | '1 EUR =1.29 USD | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1EUR =1.35 USD | '1EUR =1.35 USD | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | 5.00% | 5.00% | ' | ' | ' | ' | 3.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Supplemental_Unaudited_Pro_For
Supplemental Unaudited Pro Forma (Detail) (Gbs India, USD $) | 12 Months Ended | |
Dec. 31, 2012 | ||
Pre Combination | ' | |
Business Combinations [Line Items] | ' | |
Date | '1/1/2011 - 12/31/2011 | |
Revenue | $0 | [1] |
Earnings | 0 | [1] |
Post Combination | ' | |
Business Combinations [Line Items] | ' | |
Date | '7/1/2012 - 12/31/2012 | |
Revenue | 9,484 | |
Earnings | ($438,731) | |
[1] | NM - No metric, as this subsidiary was newly formed as of 7/1/2012 |
Supplemental_Pro_Forma_Combine
Supplemental Pro Forma Combined Entity Figures (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Supplemental Pro Forma Combined Entity Figures [Line Items] | ' | ' | ' | ' |
Revenue | $7,184,337 | $6,952,741 | $25,735,784 | $28,273,092 |
Comprehensive Income/(Loss) | -6,314,236 | -17,699,540 | -11,470,748 | -23,858,538 |
GBS Enterprises | ' | ' | ' | ' |
Supplemental Pro Forma Combined Entity Figures [Line Items] | ' | ' | ' | ' |
Date | ' | ' | '1/1/2012 - 12/31/2012 | '1/1/2011 - 12/31/2011 |
Revenue | ' | ' | 25,735,784 | 28,273,092 |
Comprehensive Income/(Loss) | ' | ' | ($11,470,748) | ($23,858,538) |
Accounting_Policies_Additional
Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Jan. 06, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | |
Leasehold Improvements | General and Administrative Expense | GROUP Business Software AG | Software Development | Minimum | Minimum | Maximum | Maximum | Maximum | ||
Professional Fees | Acquired software | Leasehold Improvements | Acquired software | |||||||
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of segments | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity of liquid investments for cash flow | ' | ' | ' | ' | ' | ' | ' | '3 months | ' | ' |
Acquired software useful life | ' | ' | ' | ' | '3 years | ' | '3 years | ' | ' | '5 years |
Property plant and equipment useful life | ' | '40 years | ' | ' | ' | '3 years | ' | '10 years | '40 years | ' |
Software maintenance revenues recognized contract period | ' | ' | ' | ' | ' | '1 year | ' | '5 years | ' | ' |
Exchange of shares of common stock | ' | ' | ' | 5,405,411 | ' | ' | ' | ' | ' | ' |
Reserve Merger Transaction | ' | ' | $300,000 | ' | ' | ' | ' | ' | ' | ' |
Effects_of_Restatement_of_Bala
Effects of Restatement of Balance Sheets (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Current Assets | ' | ' | ' |
Cash and cash equivalents | $1,154,602 | $3,142,308 | $1,872,068 |
Accounts receivable | 4,143,448 | 4,850,507 | ' |
Inventories | 0 | 236,712 | ' |
Prepaid expenses | 84,304 | 389,772 | ' |
Other receivables | 676,976 | 680,693 | ' |
Assets held for sale | 384,862 | 682,999 | ' |
Total current assets | 6,444,192 | 9,982,991 | ' |
Assets held for sale | 1,846,645 | 1,388,723 | ' |
Property, plant and equipment | 332,839 | 521,976 | ' |
Deferred tax assets | 1,132,103 | 2,451,800 | ' |
Goodwill | 34,254,881 | 39,221,603 | 30,983.40 |
Software | 12,207,031 | 14,249,905 | ' |
Other assets | 156,379 | 93,268 | ' |
Total non-current assets | 50,358,300 | 58,720,403 | ' |
Total assets | 56,802,492 | 68,703,394 | ' |
Current liabilities | ' | ' | ' |
Notes payable | 1,277,407 | 1,381,821 | ' |
Liabilities to banks | 6,774 | 19,595 | ' |
Accounts payable and accrued liabilities | 6,241,733 | 6,078,711 | ' |
Other liabilities | 860,032 | 4,252,240 | ' |
Deferred income | 6,099,570 | 6,341,575 | ' |
Due to related parties | 3,152,034 | 432,421 | ' |
Liability held for sale | 589,634 | 552,031 | ' |
Total current liabilities | 18,227,184 | 19,058,394 | ' |
Liabilities to banks | 3,716,102 | 3,463,483 | ' |
Retirement benefit obligation | 165,876 | 150,632 | ' |
Liability held for sale | 159,898 | 7,662 | ' |
Total non-current liabilities | 4,041,876 | 5,887,852 | ' |
Total liabilities | 22,269,060 | 24,946,246 | ' |
Capital stock Authorized: 75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | ' | ' | ' |
Issued and outstanding | 29,462 | 27,307 | ' |
Additional paid in capital | 49,691,195 | 47,446,318 | ' |
Accumulated deficit | -18,974,582 | -12,147,666 | ' |
Other comprehensive income | 442,841 | 494,206 | ' |
Total shareholders' equity | 31,188,916 | 35,820,165 | ' |
Noncontrolling interest in subsidiaries | 3,344,516 | 7,936,983 | ' |
Total equity and liabilities | 56,802,492 | 68,703,394 | ' |
Restated One | ' | ' | ' |
Current Assets | ' | ' | ' |
Cash and cash equivalents | 1,154,602 | 3,142,308 | ' |
Accounts receivable | 4,143,448 | ' | ' |
Inventories | 0 | ' | ' |
Prepaid expenses | 84,304 | ' | ' |
Other receivables | 676,976 | ' | ' |
Assets held for sale | 384,862 | ' | ' |
Total current assets | 6,444,192 | ' | ' |
Assets held for sale | 1,846,645 | ' | ' |
Property, plant and equipment | 332,839 | ' | ' |
Other non-current receivables | 428,422 | ' | ' |
Deferred tax assets | 1,132,103 | ' | ' |
Goodwill | 34,254,881 | ' | ' |
Software | 12,207,031 | ' | ' |
Other assets | 156,379 | ' | ' |
Total non-current assets | 50,358,300 | ' | ' |
Total assets | 56,802,492 | ' | ' |
Current liabilities | ' | ' | ' |
Notes payable | 1,277,407 | ' | ' |
Liabilities to banks | 6,774 | ' | ' |
Accounts payable and accrued liabilities | 6,241,733 | ' | ' |
Other liabilities | 860,032 | ' | ' |
Deferred income | 6,099,570 | ' | ' |
Due to related parties | 3,152,034 | ' | ' |
Liability held for sale | 589,634 | ' | ' |
Total current liabilities | 18,227,184 | ' | ' |
Liabilities to banks | 3,716,102 | ' | ' |
Deferred tax liabilities | 0 | ' | ' |
Retirement benefit obligation | 165,876 | ' | ' |
Liability held for sale | 159,898 | ' | ' |
Total non-current liabilities | 4,041,876 | ' | ' |
Total liabilities | 22,269,060 | ' | ' |
Capital stock Authorized: 75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | ' | ' | ' |
Issued and outstanding | 29,462 | ' | ' |
Additional paid in capital | 49,691,195 | ' | ' |
Accumulated deficit | -18,974,582 | ' | ' |
Other comprehensive income | 442,841 | ' | ' |
Total shareholders' equity | 31,188,916 | ' | ' |
Noncontrolling interest in subsidiaries | 3,344,516 | ' | ' |
Total equity and liabilities | 56,802,492 | ' | ' |
Restated Two | ' | ' | ' |
Current Assets | ' | ' | ' |
Cash and cash equivalents | 1,154,602 | 3,250,821 | ' |
Accounts receivable | 4,143,448 | ' | ' |
Inventories | ' | ' | ' |
Prepaid expenses | 84,304 | ' | ' |
Other receivables | 676,976 | ' | ' |
Assets held for sale | 384,862 | ' | ' |
Total current assets | 6,444,192 | ' | ' |
Assets held for sale | 1,846,645 | ' | ' |
Property, plant and equipment | 332,839 | ' | ' |
Other non-current receivables | 428,422 | ' | ' |
Deferred tax assets | 1,132,103 | ' | ' |
Goodwill | 34,254,881 | ' | ' |
Software | 12,207,031 | ' | ' |
Other assets | 156,379 | ' | ' |
Total non-current assets | 50,358,300 | ' | ' |
Total assets | 56,802,492 | ' | ' |
Current liabilities | ' | ' | ' |
Notes payable | 2,313,572 | ' | ' |
Liabilities to banks | 6,774 | ' | ' |
Accounts payable and accrued liabilities | 6,241,733 | ' | ' |
Other liabilities | 860,032 | ' | ' |
Deferred income | 6,099,570 | ' | ' |
Due to related parties | 2,115,869 | ' | ' |
Liability held for sale | 589,634 | ' | ' |
Total current liabilities | 18,227,184 | ' | ' |
Liabilities to banks | 3,716,102 | ' | ' |
Deferred tax liabilities | 0 | ' | ' |
Retirement benefit obligation | 165,876 | ' | ' |
Liability held for sale | 159,898 | ' | ' |
Total non-current liabilities | 4,041,876 | ' | ' |
Total liabilities | 22,269,060 | ' | ' |
Capital stock Authorized: 75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | ' | ' | ' |
Issued and outstanding | 29,462 | ' | ' |
Additional paid in capital | 49,691,195 | ' | ' |
Accumulated deficit | -18,974,582 | ' | ' |
Other comprehensive income | 442,841 | ' | ' |
Total shareholders' equity | 31,188,916 | ' | ' |
Noncontrolling interest in subsidiaries | 3,344,516 | ' | ' |
Total equity and liabilities | 56,802,492 | ' | ' |
Original | ' | ' | ' |
Current Assets | ' | ' | ' |
Cash and cash equivalents | -4,159,318 | 3,250,821 | ' |
Accounts receivable | 4,914,640 | ' | ' |
Inventories | ' | ' | ' |
Prepaid expenses | 160,095 | ' | ' |
Other receivables | 676,976 | ' | ' |
Assets held for sale | 2,231,507 | ' | ' |
Total current assets | 9,137,820 | ' | ' |
Assets held for sale | 0 | ' | ' |
Property, plant and equipment | 332,839 | ' | ' |
Other non-current receivables | 428,421 | ' | ' |
Deferred tax assets | 4,823,871 | ' | ' |
Goodwill | 36,206,460 | ' | ' |
Software | 13,724,170 | ' | ' |
Other assets | 156,379 | ' | ' |
Total non-current assets | 55,672,140 | ' | ' |
Total assets | 64,809,961 | ' | ' |
Current liabilities | ' | ' | ' |
Notes payable | 0 | ' | ' |
Liabilities to banks | 6,774 | ' | ' |
Accounts payable and accrued liabilities | 10,846,650 | ' | ' |
Other liabilities | 860,032 | ' | ' |
Deferred income | 6,099,570 | ' | ' |
Due to related parties | 48,068 | ' | ' |
Liability held for sale | 749,532 | ' | ' |
Total current liabilities | 18,610,626 | ' | ' |
Liabilities to banks | 3,716,101 | ' | ' |
Deferred tax liabilities | 874,551 | ' | ' |
Retirement benefit obligation | 165,876 | ' | ' |
Liability held for sale | 0 | ' | ' |
Total non-current liabilities | 4,756,528 | ' | ' |
Total liabilities | 23,367,154 | ' | ' |
Capital stock Authorized: 75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | ' | ' | ' |
Issued and outstanding | 29,462 | ' | ' |
Additional paid in capital | 49,391,663 | ' | ' |
Accumulated deficit | -15,706,308 | ' | ' |
Other comprehensive income | 313,139 | ' | ' |
Total shareholders' equity | 34,027,957 | ' | ' |
Noncontrolling interest in subsidiaries | 7,414,850 | ' | ' |
Total equity and liabilities | 64,809,961 | ' | ' |
Difference One | ' | ' | ' |
Current Assets | ' | ' | ' |
Cash and cash equivalents | 0 | -108,513 | ' |
Accounts receivable | 0 | ' | ' |
Inventories | 0 | ' | ' |
Prepaid expenses | 0 | ' | ' |
Other receivables | 0 | ' | ' |
Assets held for sale | 0 | ' | ' |
Total current assets | 0 | ' | ' |
Assets held for sale | 0 | ' | ' |
Property, plant and equipment | 0 | ' | ' |
Other non-current receivables | 0 | ' | ' |
Deferred tax assets | 0 | ' | ' |
Goodwill | 0 | ' | ' |
Software | 0 | ' | ' |
Other assets | 0 | ' | ' |
Total non-current assets | 0 | ' | ' |
Total assets | 0 | ' | ' |
Current liabilities | ' | ' | ' |
Notes payable | -1,036,165 | ' | ' |
Liabilities to banks | 0 | ' | ' |
Accounts payable and accrued liabilities | 0 | ' | ' |
Other liabilities | 0 | ' | ' |
Deferred income | 0 | ' | ' |
Due to related parties | 1,036,165 | ' | ' |
Liability held for sale | 0 | ' | ' |
Total current liabilities | 0 | ' | ' |
Liabilities to banks | 0 | ' | ' |
Deferred tax liabilities | 0 | ' | ' |
Retirement benefit obligation | 0 | ' | ' |
Liability held for sale | 0 | ' | ' |
Total non-current liabilities | 0 | ' | ' |
Total liabilities | 0 | ' | ' |
Capital stock Authorized: 75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | ' | ' | ' |
Issued and outstanding | 0 | ' | ' |
Additional paid in capital | 0 | ' | ' |
Accumulated deficit | 0 | ' | ' |
Other comprehensive income | 0 | ' | ' |
Total shareholders' equity | 0 | ' | ' |
Noncontrolling interest in subsidiaries | 0 | ' | ' |
Total equity and liabilities | 0 | ' | ' |
Difference Two | ' | ' | ' |
Current Assets | ' | ' | ' |
Cash and cash equivalents | 5,313,920 | 0 | ' |
Accounts receivable | -771,192 | ' | ' |
Prepaid expenses | -75,791 | ' | ' |
Other receivables | 0 | ' | ' |
Assets held for sale | -1,846,645 | ' | ' |
Total current assets | -2,693,628 | ' | ' |
Assets held for sale | 1,846,645 | ' | ' |
Property, plant and equipment | 0 | ' | ' |
Other non-current receivables | 1 | ' | ' |
Deferred tax assets | -3,691,768 | ' | ' |
Goodwill | -1,951,579 | ' | ' |
Software | -1,517,139 | ' | ' |
Other assets | 0 | ' | ' |
Total non-current assets | -5,313,840 | ' | ' |
Total assets | -8,007,469 | ' | ' |
Current liabilities | ' | ' | ' |
Notes payable | 2,313,572 | ' | ' |
Liabilities to banks | 0 | ' | ' |
Accounts payable and accrued liabilities | -4,604,917 | ' | ' |
Other liabilities | 0 | ' | ' |
Deferred income | 0 | ' | ' |
Due to related parties | 2,067,801 | ' | ' |
Liability held for sale | -159,898 | ' | ' |
Total current liabilities | -383,442 | ' | ' |
Liabilities to banks | 1 | ' | ' |
Deferred tax liabilities | -874,551 | ' | ' |
Retirement benefit obligation | 0 | ' | ' |
Liability held for sale | 159,898 | ' | ' |
Total non-current liabilities | -714,652 | ' | ' |
Total liabilities | -1,098,094 | ' | ' |
Capital stock Authorized: 75,000,000 common shares and 25,000,000 preferred shares each with a par value of $.001 | ' | ' | ' |
Issued and outstanding | 0 | ' | ' |
Additional paid in capital | 299,532 | ' | ' |
Accumulated deficit | -3,268,274 | ' | ' |
Other comprehensive income | 129,702 | ' | ' |
Total shareholders' equity | -2,839,041 | ' | ' |
Noncontrolling interest in subsidiaries | -4,070,334 | ' | ' |
Total equity and liabilities | ($8,007,469) | ' | ' |
Effects_of_Restatement_of_Bala1
Effects of Restatement of Balance Sheets (Parenthetical) (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Common Stock, shares authorized | 75,000,000 | 75,000,000 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock par value | $0.00 | $0.00 |
Preferred stock par value | $0.00 | $0.00 |
Restated One | ' | ' |
Common Stock, shares authorized | 75,000,000 | ' |
Preferred stock, shares authorized | 25,000,000 | ' |
Common stock par value | $0.00 | ' |
Preferred stock par value | $0.00 | ' |
Restated Two | ' | ' |
Common Stock, shares authorized | 75,000,000 | ' |
Preferred stock, shares authorized | 25,000,000 | ' |
Common stock par value | $0.00 | ' |
Preferred stock par value | $0.00 | ' |
Original | ' | ' |
Common Stock, shares authorized | 75,000,000 | ' |
Preferred stock, shares authorized | 25,000,000 | ' |
Common stock par value | $0.00 | ' |
Preferred stock par value | $0.00 | ' |
Difference One | ' | ' |
Common Stock, shares authorized | 75,000,000 | ' |
Preferred stock, shares authorized | 25,000,000 | ' |
Common stock par value | $0.00 | ' |
Preferred stock par value | $0.00 | ' |
Difference Two | ' | ' |
Common Stock, shares authorized | 75,000,000 | ' |
Preferred stock, shares authorized | 25,000,000 | ' |
Common stock par value | $0.00 | ' |
Preferred stock par value | $0.00 | ' |
Effects_of_Restatement_of_Oper
Effects of Restatement of Operations and Comprehensive Income/(Loss) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Revenues | ' | ' | ' | ' |
Products | $6,160,732 | $6,291,196 | $21,195,435 | $21,787,910 |
Services | 1,023,604 | 661,545 | 4,540,349 | 6,485,182 |
Revenues | 7,184,337 | 6,952,741 | 25,735,784 | 28,273,092 |
Cost of goods sold | ' | ' | ' | ' |
Products | 1,804,678 | 1,598,997 | 5,638,228 | 5,575,747 |
Services | 2,359,871 | 3,272,805 | 8,976,846 | 10,322,435 |
Cost of Goods and Services Sold, Total | 4,164,549 | 4,871,802 | 14,615,074 | 15,898,182 |
Gross profit | 3,019,788 | 2,080,939 | 11,120,710 | 12,374,910 |
Operating expenses | ' | ' | ' | ' |
Selling expenses | 2,112,364 | 3,149,098 | 12,102,534 | 15,426,600 |
Administrative expenses | 2,022,783 | 1,321,724 | 5,962,875 | 6,160,961 |
General expenses | 788,859 | 83,212 | 1,500,086 | 926,129 |
Operating Loss | 4,924,005 | 4,554,034 | 19,565,495 | 22,513,690 |
Operating income | -1,904,217 | -2,473,095 | -8,444,785 | -10,138,779 |
Other Income (Expense) | ' | ' | ' | ' |
Other income (expense) | -1,107,277 | -15,959,654 | -1,054,734 | -15,894,738 |
Interest income | 161 | 14,694 | 3,027 | 33,948 |
Interest expense | -238,681 | -144,654 | -480,086 | -406,407 |
Nonoperating Income (Expense) | -1,345,798 | -16,089,614 | -1,531,793 | -16,267,197 |
Loss before income taxes | -3,250,015 | -18,562,709 | -9,976,578 | -26,405,976 |
Income tax (income) expense | 2,842,011 | -45,472 | 1,432,252 | -2,151,211 |
Net Loss | -6,092,026 | -18,517,237 | -11,408,830 | -24,254,766 |
Discontinued operations (net of tax) | -235,820 | 521,979 | 40,607 | 521,979 |
Net Loss attributable to non controlling interest | -2,841,757 | -9,075,158 | -4,541,307 | -11,567,489 |
Net Loss attributable to shareholders | -3,486,089 | -8,920,100 | -6,826,916 | -12,165,298 |
Total Comprehensive Loss attributable to stockholders | -3,453,961 | -8,771,945 | -6,878,281 | -12,228,299 |
Basic and diluted loss per share (in dollars per share) | ($0.12) | ($0.35) | ($0.23) | ($0.45) |
Weighted average number of shares outstanding (in shares) | 29,119,710 | 25,139,198 | 29,461,664 | 27,247,958 |
Restated One | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Products | ' | ' | 21,195,435 | ' |
Services | ' | ' | 4,540,349 | ' |
Revenues | ' | ' | 25,735,784 | ' |
Cost of goods sold | ' | ' | ' | ' |
Products | ' | ' | 5,638,228 | ' |
Services | ' | ' | 8,976,846 | ' |
Cost of Goods and Services Sold, Total | ' | ' | 14,615,074 | ' |
Gross profit | ' | ' | 11,120,710 | ' |
Operating expenses | ' | ' | ' | ' |
Selling expenses | ' | ' | 12,102,534 | ' |
Administrative expenses | ' | ' | 5,962,875 | ' |
General expenses | ' | ' | 1,500,086 | ' |
Operating Loss | ' | ' | 19,565,495 | ' |
Operating income | ' | ' | -8,444,785 | ' |
Other Income (Expense) | ' | ' | ' | ' |
Other income (expense) | ' | ' | -1,054,734 | ' |
Interest income | ' | ' | 3,027 | ' |
Interest expense | ' | ' | -480,086 | ' |
Nonoperating Income (Expense) | ' | ' | -1,531,793 | ' |
Loss before income taxes | ' | ' | -9,976,578 | ' |
Income tax (income) expense | ' | ' | 1,432,252 | ' |
Net Loss | ' | ' | -11,408,830 | ' |
Discontinued operations (net of tax) | ' | ' | 40,607 | ' |
Net Loss attributable to non controlling interest | ' | ' | -4,541,307 | ' |
Net Loss attributable to shareholders | ' | ' | -6,826,916 | ' |
Other Comprehensive Loss | ' | ' | -102,525 | ' |
Total Comprehensive Loss attributable to stockholders | ' | ' | -6,878,281 | ' |
Basic and diluted loss per share (in dollars per share) | ' | ' | ($0.23) | ' |
Weighted average number of shares outstanding (in shares) | ' | ' | 29,461,664 | ' |
Restated Two | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Products | ' | ' | 21,195,435 | ' |
Services | ' | ' | 4,540,349 | ' |
Revenues | ' | ' | 25,735,784 | ' |
Cost of goods sold | ' | ' | ' | ' |
Products | ' | ' | 5,638,228 | ' |
Services | ' | ' | 8,976,846 | ' |
Cost of Goods and Services Sold, Total | ' | ' | 14,615,074 | ' |
Gross profit | ' | ' | 11,120,710 | ' |
Operating expenses | ' | ' | ' | ' |
Selling expenses | ' | ' | 12,102,534 | ' |
Administrative expenses | ' | ' | 5,962,875 | ' |
General expenses | ' | ' | 1,500,086 | ' |
Operating Loss | ' | ' | 19,565,495 | ' |
Operating income | ' | ' | -8,444,785 | ' |
Other Income (Expense) | ' | ' | ' | ' |
Other income (expense) | ' | ' | -1,054,734 | ' |
Interest income | ' | ' | 3,027 | ' |
Interest expense | ' | ' | -480,086 | ' |
Nonoperating Income (Expense) | ' | ' | -1,531,793 | ' |
Loss before income taxes | ' | ' | -9,976,578 | ' |
Income tax (income) expense | ' | ' | 1,432,252 | ' |
Net Loss | ' | ' | -11,408,830 | ' |
Discontinued operations (net of tax) | ' | ' | 40,607 | ' |
Net Loss attributable to non controlling interest | ' | ' | -4,541,307 | ' |
Net Loss attributable to shareholders | ' | ' | -6,826,916 | ' |
Other Comprehensive Loss | ' | ' | -102,525 | ' |
Total Comprehensive Loss attributable to stockholders | ' | ' | -6,878,281 | ' |
Basic and diluted loss per share (in dollars per share) | ' | ' | ($0.23) | ' |
Weighted average number of shares outstanding (in shares) | ' | ' | 29,461,664 | ' |
Original | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Products | ' | ' | 21,266,627 | ' |
Services | ' | ' | 4,540,349 | ' |
Revenues | ' | ' | 25,806,976 | ' |
Cost of goods sold | ' | ' | ' | ' |
Products | ' | ' | 5,638,228 | ' |
Services | ' | ' | 8,711,016 | ' |
Cost of Goods and Services Sold, Total | ' | ' | 14,349,245 | ' |
Gross profit | ' | ' | 11,457,731 | ' |
Operating expenses | ' | ' | ' | ' |
Selling expenses | ' | ' | 12,102,534 | ' |
Administrative expenses | ' | ' | 5,837,796 | ' |
General expenses | ' | ' | 4,458,185 | ' |
Operating Loss | ' | ' | 22,398,515 | ' |
Operating income | ' | ' | -10,940,783 | ' |
Other Income (Expense) | ' | ' | ' | ' |
Other income (expense) | ' | ' | 5,806,253 | ' |
Interest income | ' | ' | 3,027 | ' |
Interest expense | ' | ' | -453,386 | ' |
Nonoperating Income (Expense) | ' | ' | 5,355,894 | ' |
Loss before income taxes | ' | ' | -5,584,889 | ' |
Income tax (income) expense | ' | ' | -1,384,965 | ' |
Net Loss | ' | ' | -4,199,924 | ' |
Discontinued operations (net of tax) | ' | ' | 40,607 | ' |
Net Loss attributable to non controlling interest | ' | ' | -600,676 | ' |
Net Loss attributable to shareholders | ' | ' | -3,612,971 | ' |
Other Comprehensive Loss | ' | ' | -108,443 | ' |
Total Comprehensive Loss attributable to stockholders | ' | ' | -3,612,971 | ' |
Basic and diluted loss per share (in dollars per share) | ' | ' | ($0.12) | ' |
Weighted average number of shares outstanding (in shares) | ' | ' | 29,461,664 | ' |
Difference One | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Products | ' | ' | 0 | ' |
Services | ' | ' | 0 | ' |
Revenues | ' | ' | 0 | ' |
Cost of goods sold | ' | ' | ' | ' |
Products | ' | ' | 0 | ' |
Services | ' | ' | 0 | ' |
Cost of Goods and Services Sold, Total | ' | ' | 0 | ' |
Gross profit | ' | ' | 0 | ' |
Operating expenses | ' | ' | ' | ' |
Selling expenses | ' | ' | 0 | ' |
Administrative expenses | ' | ' | 0 | ' |
General expenses | ' | ' | 0 | ' |
Operating Loss | ' | ' | 0 | ' |
Operating income | ' | ' | 0 | ' |
Other Income (Expense) | ' | ' | ' | ' |
Other income (expense) | ' | ' | 0 | ' |
Interest income | ' | ' | 0 | ' |
Interest expense | ' | ' | 0 | ' |
Nonoperating Income (Expense) | ' | ' | 0 | ' |
Loss before income taxes | ' | ' | 0 | ' |
Income tax (income) expense | ' | ' | 0 | ' |
Net Loss | ' | ' | 0 | ' |
Discontinued operations (net of tax) | ' | ' | 0 | ' |
Net Loss attributable to non controlling interest | ' | ' | 0 | ' |
Net Loss attributable to shareholders | ' | ' | 0 | ' |
Other Comprehensive Loss | ' | ' | 0 | ' |
Total Comprehensive Loss attributable to stockholders | ' | ' | 0 | ' |
Basic and diluted loss per share (in dollars per share) | ' | ' | $0 | ' |
Weighted average number of shares outstanding (in shares) | ' | ' | 0 | ' |
Difference Two | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Products | ' | ' | -71,192 | ' |
Services | ' | ' | 0 | ' |
Revenues | ' | ' | -71,192 | ' |
Cost of goods sold | ' | ' | ' | ' |
Products | ' | ' | 0 | ' |
Services | ' | ' | 265,830 | ' |
Cost of Goods and Services Sold, Total | ' | ' | 265,829 | ' |
Gross profit | ' | ' | -337,021 | ' |
Operating expenses | ' | ' | ' | ' |
Selling expenses | ' | ' | 0 | ' |
Administrative expenses | ' | ' | 125,079 | ' |
General expenses | ' | ' | -2,958,099 | ' |
Operating Loss | ' | ' | -2,833,020 | ' |
Operating income | ' | ' | 2,495,998 | ' |
Other Income (Expense) | ' | ' | ' | ' |
Other income (expense) | ' | ' | -6,860,987 | ' |
Interest income | ' | ' | 0 | ' |
Interest expense | ' | ' | -26,700 | ' |
Nonoperating Income (Expense) | ' | ' | -6,887,687 | ' |
Loss before income taxes | ' | ' | -4,391,689 | ' |
Income tax (income) expense | ' | ' | 2,817,217 | ' |
Net Loss | ' | ' | -7,208,906 | ' |
Discontinued operations (net of tax) | ' | ' | 0 | ' |
Net Loss attributable to non controlling interest | ' | ' | -3,940,631 | ' |
Net Loss attributable to shareholders | ' | ' | -3,213,945 | ' |
Other Comprehensive Loss | ' | ' | 5,918 | ' |
Total Comprehensive Loss attributable to stockholders | ' | ' | ($3,265,310) | ' |
Basic and diluted loss per share (in dollars per share) | ' | ' | $0 | ' |
Weighted average number of shares outstanding (in shares) | ' | ' | 0 | ' |
Effects_of_Restatement_of_Cash
Effects of Restatement of Cash Flow (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Cash flow from operating activities | ' | ' |
Net loss / net income | ($11,368,223) | ($23,732,787) |
Income from discontinued operations | 40,607 | 521,979 |
Adjustments | ' | ' |
Deferred income taxes | 1,319,697 | -2,193,941 |
Depreciation and amortization | 4,148,915 | 5,840,688 |
Loss from equity investment | 227,781 | 0 |
Consulting Expense | 272,832 | 34,000 |
Write-down goodwill and intangibles | 1,517,139 | 0 |
Interest Expense | 26,700 | 0 |
Changes in operating assets and liabilities | ' | ' |
Accounts receivable and other assets | -1,073,620 | -4,147,043 |
Retirement benefit obligation | 15,244 | -3,433 |
Inventories | 236,712 | -236,712 |
Accounts payable and other liabilities | -5,737,266 | -1,031,853 |
Net cash provided by operating activities | -8,307,456 | -17,698,974 |
Net Cash provided (used) by discontinued | 70,661 | -990,050 |
Cash flow from investing activities | ' | ' |
(Increase) Decrease in Financial assets | 1,020,500 | -1,910,529 |
Purchase of financial assets | -3,946,222 | -13,465,619 |
Net cash used in investing activities | 1,532,388 | 7,369,475 |
Cash flow from financing activities | ' | ' |
Net borrowings - banks | 239,798 | 2,651,919 |
other borrowings | -104,414 | -59,442 |
Net Borrowings from related party | 2,719,613 | 432,421 |
Capital paid in | 1,947,500 | 9,703,920 |
Net cash used in financing activities | 4,802,497 | 12,728,818 |
Effect of exchange rate changes on cash | -85,796 | -139,029 |
Net increase in cash | -1,987,706 | 1,270,240 |
Cash and cash equivalents - Beginning of the year | 3,142,308 | 1,872,068 |
Cash and cash equivalents - End of year | 1,154,602 | 3,142,308 |
Restated One | ' | ' |
Cash flow from operating activities | ' | ' |
Net loss / net income | -11,368,223 | ' |
Income from discontinued operations | -40,607 | ' |
Adjustments | ' | ' |
Deferred income taxes | 1,319,697 | ' |
Depreciation and amortization | 4,148,915 | ' |
Loss from equity investment | 227,781 | ' |
Consulting Expense | 272,832 | ' |
Write-down goodwill and intangibles | 1,517,139 | ' |
Minority interest losses | 0 | ' |
Interest Expense | 26,700 | ' |
Foreign exchange | ' | ' |
Changes in operating assets and liabilities | ' | ' |
Accounts receivable and other assets | 1,073,620 | ' |
Retirement benefit obligation | 15,244 | ' |
Inventories | 236,712 | ' |
Accounts payable and other liabilities | -5,737,266 | ' |
Net cash provided by operating activities | -8,307,406 | ' |
Net Cash provided (used) by discontinued | 70,661 | ' |
Cash flow from investing activities | ' | ' |
(Increase) Decrease of intangible assets | -3,378,072 | ' |
(Increase) Decrease of property, plant and equipment | -56,262 | ' |
(Purchase) Sale of subsidiaries | 1,020,500 | ' |
(Increase) Decrease in Financial assets | 3,946,222 | ' |
Purchase of financial assets | ' | ' |
Net cash used in investing activities | 1,532,388 | ' |
Cash flow from financing activities | ' | ' |
Net borrowings - banks | 239,798 | ' |
other borrowings | -104,414 | ' |
Net Borrowings from related party | 2,719,613 | ' |
Capital paid in | 1,947,500 | ' |
Net cash used in financing activities | 4,802,497 | ' |
Effect of exchange rate changes on cash | -85,796 | ' |
Net increase in cash | -1,987,706 | ' |
Cash and cash equivalents - Beginning of the year | 3,142,308 | ' |
Cash and cash equivalents - End of year | 1,154,602 | ' |
Restated Two | ' | ' |
Cash flow from operating activities | ' | ' |
Net loss / net income | -11,368,223 | ' |
Income from discontinued operations | 0 | ' |
Adjustments | ' | ' |
Deferred income taxes | 1,319,697 | ' |
Depreciation and amortization | 4,816,098 | ' |
Loss from equity investment | 244,219 | ' |
Consulting Expense | 0 | ' |
Write-down goodwill and intangibles | 0 | ' |
Minority interest losses | -4,541,307 | ' |
Interest Expense | 0 | ' |
Foreign exchange | ' | ' |
Changes in operating assets and liabilities | ' | ' |
Accounts receivable and other assets | 953,133 | ' |
Retirement benefit obligation | 15,244 | ' |
Inventories | 236,712 | ' |
Accounts payable and other liabilities | 2,539,440 | ' |
Net cash provided by operating activities | -5,784,987 | ' |
Net Cash provided (used) by discontinued | 0 | ' |
Cash flow from investing activities | ' | ' |
(Increase) Decrease of intangible assets | -3,516,593 | ' |
(Increase) Decrease of property, plant and equipment | -189,137 | ' |
(Purchase) Sale of subsidiaries | 2,498,257 | ' |
(Increase) Decrease in Financial assets | -416,357 | ' |
Purchase of financial assets | ' | ' |
Net cash used in investing activities | -1,623,830 | ' |
Cash flow from financing activities | ' | ' |
Net borrowings - banks | -239,798 | ' |
other borrowings | 3,392,208 | ' |
Net Borrowings from related party | 0 | ' |
Capital paid in | 2,244,877 | ' |
Net cash used in financing activities | 5,397,287 | ' |
Effect of exchange rate changes on cash | -84,689 | ' |
Net increase in cash | -2,096,219 | ' |
Cash and cash equivalents - Beginning of the year | 3,250,821 | ' |
Cash and cash equivalents - End of year | 1,154,602 | ' |
Original | ' | ' |
Cash flow from operating activities | ' | ' |
Net loss / net income | -4,159,318 | ' |
Income from discontinued operations | 0 | ' |
Adjustments | ' | ' |
Deferred income taxes | -556,679 | ' |
Depreciation and amortization | 4,816,098 | ' |
Loss from equity investment | 46,754 | ' |
Consulting Expense | 0 | ' |
Write-down goodwill and intangibles | 0 | ' |
Minority interest losses | -600,676 | ' |
Interest Expense | 0 | ' |
Foreign exchange | ' | ' |
Changes in operating assets and liabilities | ' | ' |
Accounts receivable and other assets | 536,124 | ' |
Retirement benefit obligation | -15,244 | ' |
Inventories | 263,712 | ' |
Accounts payable and other liabilities | 1,181,226 | ' |
Net cash provided by operating activities | 1,484,997 | ' |
Net Cash provided (used) by discontinued | 0 | ' |
Cash flow from investing activities | ' | ' |
(Increase) Decrease of intangible assets | -3,516,593 | ' |
(Increase) Decrease of property, plant and equipment | -56,262 | ' |
(Purchase) Sale of subsidiaries | 2,498,257 | ' |
(Increase) Decrease in Financial assets | 278,676 | ' |
Purchase of financial assets | ' | ' |
Net cash used in investing activities | -795,922 | ' |
Cash flow from financing activities | ' | ' |
Net borrowings - banks | -237,797 | ' |
other borrowings | 2,273,737 | ' |
Net Borrowings from related party | 0 | ' |
Capital paid in | -2,065,692 | ' |
Net cash used in financing activities | 215,720 | ' |
Effect of exchange rate changes on cash | -84,689 | ' |
Net increase in cash | -2,096,220 | ' |
Cash and cash equivalents - Beginning of the year | 3,250,821 | ' |
Cash and cash equivalents - End of year | -4,159,318 | ' |
Difference One | ' | ' |
Cash flow from operating activities | ' | ' |
Net loss / net income | 0 | ' |
Income from discontinued operations | -40,607 | ' |
Adjustments | ' | ' |
Deferred income taxes | 0 | ' |
Depreciation and amortization | -667,183 | ' |
Loss from equity investment | 0 | ' |
Consulting Expense | 272,832 | ' |
Write-down goodwill and intangibles | 1,517,139 | ' |
Minority interest losses | 4,541,307 | ' |
Interest Expense | 26,700 | ' |
Foreign exchange | ' | ' |
Changes in operating assets and liabilities | ' | ' |
Accounts receivable and other assets | 120,487 | ' |
Retirement benefit obligation | 0 | ' |
Inventories | 0 | ' |
Accounts payable and other liabilities | -8,276,706 | ' |
Net cash provided by operating activities | -2,522,469 | ' |
Net Cash provided (used) by discontinued | 70,661 | ' |
Cash flow from investing activities | ' | ' |
(Increase) Decrease of intangible assets | 138,521 | ' |
(Increase) Decrease of property, plant and equipment | 132,875 | ' |
(Purchase) Sale of subsidiaries | -1,477,757 | ' |
(Increase) Decrease in Financial assets | 4,362,579 | ' |
Purchase of financial assets | 0 | ' |
Net cash used in investing activities | 3,156,218 | ' |
Cash flow from financing activities | ' | ' |
Net borrowings - banks | 479,596 | ' |
other borrowings | -3,496,622 | ' |
Net Borrowings from related party | 2,719,613 | ' |
Capital paid in | -297,377 | ' |
Net cash used in financing activities | -594,790 | ' |
Effect of exchange rate changes on cash | -1,107 | ' |
Net increase in cash | 108,513 | ' |
Cash and cash equivalents - Beginning of the year | -108,513 | ' |
Cash and cash equivalents - End of year | 0 | ' |
Difference Two | ' | ' |
Cash flow from operating activities | ' | ' |
Net loss / net income | -7,208,905 | ' |
Income from discontinued operations | 0 | ' |
Adjustments | ' | ' |
Deferred income taxes | 1,876,376 | ' |
Depreciation and amortization | 0 | ' |
Loss from equity investment | 197,465 | ' |
Consulting Expense | 0 | ' |
Write-down goodwill and intangibles | 0 | ' |
Minority interest losses | -3,940,631 | ' |
Interest Expense | 0 | ' |
Foreign exchange | ' | ' |
Changes in operating assets and liabilities | ' | ' |
Accounts receivable and other assets | 417,009 | ' |
Retirement benefit obligation | 30,488 | ' |
Inventories | -27,000 | ' |
Accounts payable and other liabilities | 1,358,214 | ' |
Net cash provided by operating activities | -7,269,984 | ' |
Net Cash provided (used) by discontinued | 0 | ' |
Cash flow from investing activities | ' | ' |
(Increase) Decrease of intangible assets | 0 | ' |
(Increase) Decrease of property, plant and equipment | -132,875 | ' |
(Purchase) Sale of subsidiaries | 0 | ' |
(Increase) Decrease in Financial assets | -695,033 | ' |
Purchase of financial assets | 0 | ' |
Net cash used in investing activities | -827,908 | ' |
Cash flow from financing activities | ' | ' |
Net borrowings - banks | -2,001 | ' |
other borrowings | 1,118,471 | ' |
Net Borrowings from related party | 0 | ' |
Capital paid in | 4,310,569 | ' |
Net cash used in financing activities | 5,181,567 | ' |
Effect of exchange rate changes on cash | 0 | ' |
Net increase in cash | 1 | ' |
Cash and cash equivalents - Beginning of the year | 0 | ' |
Cash and cash equivalents - End of year | $5,313,920 | ' |
Listed_Subsidiarys_Basis_of_Co
Listed Subsidiary's Basis of Consolidation (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | 31-May-12 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Apr. 01, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2011 | Dec. 31, 2012 | Jul. 25, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | |
EbVokus Software GmbH | GROUP Business Software Ltd. | GROUP Business Software Corp. | GROUP LIVE N.V. | Permessa Corporation | Relavis Corporation | GROUP Business Software AG | Pavone AG | Pavone Gmbh | Pavone Ltd | GroupWare, Inc. | GroupWare, Inc. | IDC Global, Inc. | IDC Global, Inc. | Synaptris, Inc. | Gbs India | ||||||
Subsidiary or Equity Method Investee [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Country Region | ' | ' | ' | ' | ' | 'Dresden | 'Manchester | 'Woodstock | 'Den Haag | 'Waltham | 'Woodstock | 'Eisenach | ' | 'Boeblingen | 'North Yorkshire | 'Woodstock | ' | 'Chicago | ' | 'San Jose | 'Chennai |
Stockholders' Equity | $31,188,916 | $35,820,165 | $31,188,916 | $35,820,165 | ' | ' | ($1,334,000) | ($12,328,000) | ' | $10,000 | ($819,000) | $23,897,000 | ' | ($1,223,000) | ' | ($482,000) | ' | $2,442,000 | ' | ' | $101,000 |
Subscribed Capital | ' | ' | ' | ' | ' | ' | 24,000 | 1,000 | ' | 0 | 2,000 | 35,658,000 | ' | 44,000 | ' | 1,000 | ' | 0 | ' | ' | 14,000 |
Percentage of Subscribed Capital | ' | ' | ' | ' | 100.00% | ' | 1.00% | 1.00% | ' | 1.00% | 1.00% | 1.00% | 100.00% | 1.00% | ' | 1.00% | 100.00% | 1.00% | 100.00% | ' | 1.00% |
Profit of the consolidated quarter | ($6,327,846) | ($17,995,258) | ($11,368,223) | ($23,732,787) | ' | ' | ($66,000) | ($4,367,000) | ' | $682,000 | ($10,000) | ($655,000) | ' | ($503,000) | ' | $0 | ' | $128,000 | ' | ' | $89,000 |
Date of the First Consolidation | ' | ' | ' | ' | ' | ' | 31-Dec-05 | 31-Dec-05 | ' | 22-Sep-10 | 8-Jan-07 | 1-Jun-11 | ' | 4-Jan-11 | ' | 6-Jan-11 | ' | 25-Jul-11 | ' | ' | 30-Sep-12 |
Cash_and_Cash_Equivalents_Addi
Cash and Cash Equivalents - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Cash and Cash Equivalents [Line Items] | ' | ' | ' |
Cash and cash equivalents | $1,154,602 | $3,142,308 | $1,872,068 |
Cash equivalents | $3,000 | $12,000 | ' |
Accounts_Receivable_Additional
Accounts Receivable - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Accounts and Other Receivables [Line Items] | ' | ' |
Accounts receivable net | $4,143 | $4,851 |
Prepaid_Expenses_Additional_In
Prepaid Expenses - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Prepaid And Other Current Assets [Line Items] | ' | ' |
Prepaid expenses | $84,304 | $389,772 |
Technological collaboration events | ' | ' |
Prepaid And Other Current Assets [Line Items] | ' | ' |
Prepaid expenses | $84,000 | $390,000 |
Other_Receivables_Current_Addi
Other Receivables - Current - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Other receivables | $676,976 | $680,693 |
Tax Assets | 177,000 | ' |
Prepaid expenses | 84,304 | 389,772 |
Insolvency Amount | 469,000 | ' |
Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Prepaid expenses | $31,000 | ' |
Recovered_Sheet1
Assets and Liabilities Held for Resale - Additional Information (Detail) (USD $) | Apr. 30, 2012 | Feb. 01, 2013 |
Global Telecom and Technology Americas Inc | ||
Subsequent Event | ||
Assets Held For Resale [Line Items] | ' | ' |
Business acquisition, cash paid | $1,877,232 | $4,600,000 |
Recovered_Sheet2
Assets and Liabilities Held for Resale (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for Sale | $384,862 | $682,999 |
Assets held for sale, Non current | 1,846,645 | 1,388,723 |
Liabilities of assets held for sale | 589,635 | 555,031 |
Liabilities held for sale non current | 159,898 | 7,662 |
Accounts payable and accrued liaibilities | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Liabilities of assets held for sale | 322,527 | 415,854 |
Deferred income | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Liabilities of assets held for sale | 79,886 | 4,170 |
Other liabilities | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Liabilities of assets held for sale | 187,221 | 135,007 |
Liabilities held for sale non current | 159,898 | 7,662 |
Cash and cash equivalents | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for Sale | 86,438 | 132,620 |
Accounts Receivables | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for Sale | 214,953 | 156,687 |
Prepaid expenses | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for Sale | 5,438 | 54,375 |
Other receivables | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for Sale | 78,033 | 339,317 |
Property, plant and equipment | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for sale, Non current | 1,315,572 | 1,083,018 |
Deferred tax assets | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for sale, Non current | 297,000 | 297,000 |
Software | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for sale, Non current | 5,261 | 8,705 |
Other assets | ' | ' |
Assets Held For Resale [Line Items] | ' | ' |
Assets held for sale, Non current | $228,812 | $0 |
Results_of_Operations_Classifi
Results of Operations Classified as Income/(loss) from Discontinued Operations on Statement of Operations and Statement of Cash Flows for SD Holdings Ltd and IDC Global Inc (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Income Loss From Discontinued Operations On Statement Of Operations And Statement Of Cash Flows [Line Items] | ' |
Income from discontinued operations | $40,607 |
SD Holdings | ' |
Income Loss From Discontinued Operations On Statement Of Operations And Statement Of Cash Flows [Line Items] | ' |
Income from discontinued operations | -25,001 |
IDC Global, Inc. | ' |
Income Loss From Discontinued Operations On Statement Of Operations And Statement Of Cash Flows [Line Items] | ' |
Income from discontinued operations | $65,608 |
Property_Plant_and_Equipment_A
Property Plant and Equipment - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2012 | |
Minimum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '3 years |
Maximum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '10 years |
Computer hardware | Minimum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '3 years |
Computer hardware | Maximum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '5 years |
Other office equipment | Minimum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '3 years |
Other office equipment | Maximum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '10 years |
Office furnishings | Minimum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '8 years |
Office furnishings | Maximum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '10 years |
Leasehold Improvements | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '40 years |
Leasehold Improvements | Maximum | ' |
Property, Plant and Equipment [Line Items] | ' |
Depreciation period | '40 years |
Property_Plant_and_Equipment_D
Property Plant and Equipment (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 |
Property Plant and Equipment | |||
Segment Depreciation and Amortization [Line Items] | ' | ' | ' |
Beginning Balance | ' | ' | $8,460,000 |
Additions,Development of the cost | ' | ' | 280,000 |
Disposals | ' | ' | -1,411,000 |
Currency differences | ' | ' | 118,000 |
Reclassifications | ' | ' | -240,000 |
Ending Balance | ' | ' | 7,207,000 |
Beginning Balance | ' | ' | 7,938,000 |
Additions,Development of accumulated depreciation | ' | ' | 339,000 |
Disposals | ' | ' | -208,000 |
Currency differences | ' | ' | 110,000 |
Reclassifications | ' | ' | 1,305,000 |
Ending Balance | ' | ' | 6,874,000 |
Beginning Balance | $332,839 | $521,976 | ' |
Major_components_of_NonOperati
Major components of Non-Operating Receivables (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Receivable from sale of GEDYS IntraWare GmbH | ' | ' |
Balance outstanding, payable in monthly installments of $20,006, bearing interest at prime plus .25%, not be greater than 2% per annum | $0 | $777 |
Current portion, included in other current receivables | 0 | 233 |
Net amount included in non-operating receivables | 0 | 544 |
Cooperative shares | 1 | 0 |
Other long term receivables | 427 | 5 |
Balance | $428 | $549 |
Major_Components_of_Non_Operat
Major Components of Non - Operating Receivables (Parenthetical) (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Disclosure Major Components Of Financial Assets [Line Items] | ' | ' |
Monthly installments | $20,006 | $20,006 |
Bearing interest | 'prime plus .25% | 'prime plus .25% |
Bearing interest, Maximum | 2.00% | 2.00% |
Goodwill_Additional_Informatio
Goodwill - Additional Information (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Goodwill [Line Items] | ' |
Goodwill, Written off | $2,800,000 |
Transformer Technology | ' |
Goodwill [Line Items] | ' |
Research and Development Expense | 10,200,000 |
Capitalized Development | $1,569,000 |
Goodwill_Arise_from_Business_A
Goodwill Arise from Business Acquisition (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | $39,221,603 | $30,983.40 |
Additions | 1,731.80 | 19,959.10 |
Adjustments | -1,768.80 | 0 |
Written Off | 4,929.80 | 11,720.90 |
Ending | 34,254,881 | 39,221,603 |
GROUP Business Software AG | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 20,194.40 | 14,597.30 |
Additions | 0 | 8,705.50 |
Adjustments | -1,768.80 | 0 |
Written Off | 0 | 3,108.40 |
Ending | 18,425.60 | 20,194.40 |
GROUP Business Software Corp. | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 2,177.50 | 2,177.50 |
Additions | 0 | 0 |
Adjustments | 0 | 0 |
Written Off | 2,177.50 | 0 |
Ending | 0 | 2,177.50 |
GROUP LIVE N.V. | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 0 | 1,324.20 |
Additions | 0 | 0 |
Adjustments | 0 | 0 |
Written Off | 0 | 1,324.20 |
Ending | 0 | 0 |
GROUP Business Software Ltd. | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 2,765.10 | 2,765.10 |
Additions | 0 | 0 |
Adjustments | 0 | 0 |
Written Off | 0 | 0 |
Ending | 2,765.10 | 2,765.10 |
EbVokus Software GmbH | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 443.6 | 443.6 |
Additions | 0 | 0 |
Adjustments | 0 | 0 |
Written Off | 443.6 | 0 |
Ending | 0 | 443.6 |
Relavis Corporation | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 0 | 7,288.30 |
Additions | 0 | 0 |
Adjustments | 0 | 0 |
Written Off | 0 | 7,288.30 |
Ending | 0 | 0 |
Permessa Corporation | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 2,387.40 | 2,387.40 |
Additions | 0 | 0 |
Adjustments | 0 | 0 |
Written Off | 0 | 0 |
Ending | 2,387.40 | 2,387.40 |
Pavone Gmbh | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 5,950.50 | 0 |
Additions | 0 | 5,950.50 |
Adjustments | 0 | 0 |
Written Off | 0 | 0 |
Ending | 5,950.50 | 5,950.50 |
IDC Global, Inc. | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 2,994.40 | 0 |
Additions | 0 | 2,994.40 |
Adjustments | 0 | 0 |
Written Off | 0 | 0 |
Ending | 2,994.40 | 2,994.40 |
SD Holdings | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 2,308.70 | 0 |
Additions | 0 | 2,308.70 |
Adjustments | 0 | 0 |
Written Off | 2,308.70 | 0 |
Ending | 0 | 2,308.70 |
GBS India | ' | ' |
Acquired Intangible Assets [Line Items] | ' | ' |
Opening | 0 | ' |
Additions | 1,731.80 | ' |
Adjustments | 0 | ' |
Written Off | 0 | ' |
Ending | $1,731.80 | ' |
Amortization_of_Concessions_In
Amortization of Concessions, Industrial Property Rights and Assets (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 |
Concessions and licenses | |||
Research And Development Arrangement Contract To Perform For Others [Line Items] | ' | ' | ' |
Beginning Balance | ' | ' | $33,085,100 |
Additions,Development of the cost | ' | ' | 1,269,300 |
Disposals,Development of the cost | ' | ' | -244,500 |
Currency differences,Development of the cost | ' | ' | 895,200 |
Reclassifications,Development of the cost | ' | ' | -715,900 |
Impairment charge, Development of the cost | ' | ' | -1,250,500 |
Ending Balance | ' | ' | 33,038,700 |
Beginning Balance | ' | ' | 18,835,200 |
Additions,Development of accumulated depreciation | ' | ' | 1,266,200 |
Disposals,Development of accumulated depreciation | ' | ' | -5,800 |
Currency differences,Development of accumulated depreciation | ' | ' | 736,100 |
Reclassifications,Development of accumulated depreciation | ' | ' | 0 |
Impairment charge, Development of accumulated depreciation | ' | ' | 0 |
Ending Balance | ' | ' | 20,831,700 |
Beginning Balance | 332,839 | 521,976 | 14,249,900 |
Ending Balance | $332,839 | $521,976 | $12,207,000 |
Other_Assets_Additional_Inform
Other Assets - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Other assets | $156,379 | $93,268 |
Notes_Payable_Additional_Infor
Notes Payable - Additional Information (Detail) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||
Jul. 05, 2012 | Nov. 30, 2012 | Apr. 26, 2010 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Feb. 15, 2013 | Feb. 22, 2013 | Oct. 26, 2012 | Dec. 31, 2012 | Oct. 26, 2012 | Dec. 31, 2012 | Feb. 22, 2013 | Jul. 05, 2012 | |
Restated Two | Lender Three | John A. Moore [Member] | John A. Moore [Member] | John A. Moore [Member] | Stephen D. Baksa [Member] | Stephen D. Baksa [Member] | Stephen D. Baksa [Member] | Additional Paid-in Capital | ||||||
Short-term Debt [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes payable | ' | ' | ' | $1,277,407 | $1,381,821 | $2,313,572 | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, gross | 552,500 | 1,000,000 | ' | 3,552,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective interest rate | 8.50% | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants issued to purchase common stock | 550,000 | 250,000 | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | 500,000 | ' | ' |
Warrants issued to purchase common stock exercise price | $1 | $0.20 | ' | ' | ' | ' | ' | $0.30 | $0.35 | ' | $0.20 | ' | ' | ' |
Warrants issued to purchase common stock contractual term | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discount rate on convertible promissory note | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, unamortized discount | 528,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,700 |
Equity issuance, per share amount | ' | ' | ' | ' | ' | ' | $0.20 | ' | ' | ' | ' | ' | ' | ' |
Stock issued during period, shares, new issues | ' | ' | 11,984,770 | ' | ' | ' | 250,000 | ' | ' | 450,960 | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | $1,000,000 | ' | $1,000,000 | ' | ' | ' |
Debt Instrument, Interest Rate During Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | ' | 20.00% | ' | ' |
Debt Instrument, Convertible, Conversion Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.30 | ' |
Debt Conversion, Converted Instrument, Shares Issued | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Breakdown_of_Notes_Payable_Det
Breakdown of Notes Payable (Detail) (USD $) | Dec. 31, 2012 | Nov. 30, 2012 | Jul. 05, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
Notes Payable One | Notes Payable Two | Notes Payable Three | Notes Payable Four | Notes Payable Five | Notes Payable Six | Notes Payable Seven | |||||
Short-term Debt [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lender | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Date of Loan | ' | ' | ' | ' | 5-Jul-12 | 5-Jul-12 | 5-Jul-12 | 13-Aug-12 | 26-Oct-12 | 30-Nov-12 | 30-Nov-12 |
Principal | $3,552,500 | $1,000,000 | $552,500 | ' | $50,000 | $250,000 | $252,500 | $1,000,000 | $1,000,000 | $500,000 | $500,000 |
Interest Accrued | 152,894 | ' | ' | ' | 2,084 | 10,421 | 10,526 | 76,712 | 36,165 | 8,493 | 8,493 |
Total | 3,705,394 | ' | ' | ' | 52,084 | 260,421 | 263,026 | 1,076,712 | 1,036,165 | 508,493 | 508,493 |
Related Party Loan | 2,427,987 | ' | ' | 0 | 52,084 | ' | 263,026 | 1,076,712 | 1,036,165 | ' | ' |
Unrelated Party Loan | $1,277,407 | ' | ' | ' | ' | $260,421 | ' | ' | ' | $508,493 | $508,493 |
Due Date | ' | ' | ' | ' | 5-Jan-13 | 5-Jan-13 | 5-Jan-13 | 13-Aug-13 | 26-Oct-13 | 30-Nov-13 | 30-Nov-13 |
Liabilities_to_BanksCurrent_Ad
Liabilities to Banks-Current - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 05, 2011 | Nov. 01, 2010 |
In Thousands, unless otherwise specified | ||||
Line Of Credit Facility [Line Items] | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | 3.25% | ' | 5.00% | 5.00% |
Line of credit maximum borrowing capacity | $100 | ' | ' | ' |
Checks in transit | 15 | ' | ' | ' |
Short term liabilities to banks | 7 | 20 | ' | ' |
Line of Credit, Current | $6 | ' | ' | ' |
Recovered_Sheet3
Accounts Payable and Accrued Liabilities - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Accounts Payable and Accrued Liabilities [Line Items] | ' | ' |
Trade account payable carrying amount | $3,095 | $2,765 |
Trade payable repayment term | '1 year | ' |
Provision for salaries | 861 | 859 |
Provision on vacation obligation | 315 | 439 |
Provision on settlement liabilities | 1,059 | 882 |
Other provisions accrued | 3,147 | 3,314 |
Liabilities on financial cost | 126 | 401 |
Provision for legal consulting | 72 | 71 |
Warranty claims | 96 | 60 |
Other Provisions | ' | ' |
Accounts Payable and Accrued Liabilities [Line Items] | ' | ' |
Other provisions accrued | 446 | 367 |
Board of Directors | ' | ' |
Accounts Payable and Accrued Liabilities [Line Items] | ' | ' |
Other provisions accrued | $46 | ' |
Other_Accrual_Cover_Future_Pay
Other Accrual Cover Future Payment Obligation, Perceivable and Uncertain Liabilities (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | $3,314 |
Utilization | -2,155 |
Dissolution | 114 |
Increase | 1,766 |
Currency Differences | 107 |
Ending Balance | 3,147 |
Tax provision | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 32 |
Utilization | -32 |
Dissolution | 0 |
Increase | 57 |
Currency Differences | 0 |
Ending Balance | 57 |
Salary | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 859 |
Utilization | -489 |
Dissolution | 24 |
Increase | 451 |
Currency Differences | 16 |
Ending Balance | 861 |
Vacation | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 439 |
Utilization | -303 |
Dissolution | 30 |
Increase | 137 |
Currency Differences | 12 |
Ending Balance | 315 |
Workers Compensation Insurance Association | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 27 |
Utilization | -21 |
Dissolution | 0 |
Increase | 17 |
Currency Differences | 1 |
Ending Balance | 24 |
Compensation Levy for Non-Employment of Severely Handicapped Persons | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 17 |
Utilization | -16 |
Dissolution | 0 |
Increase | 18 |
Currency Differences | 0 |
Ending Balance | 19 |
Outstanding Invoices | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 882 |
Utilization | -626 |
Dissolution | 60 |
Increase | 722 |
Currency Differences | 22 |
Ending Balance | 1,059 |
Annual Financial Statement Costs | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 401 |
Utilization | -279 |
Dissolution | 0 |
Increase | 0 |
Currency Differences | 4 |
Ending Balance | 126 |
Other Provisions | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 367 |
Utilization | -221 |
Dissolution | 0 |
Increase | 294 |
Currency Differences | 6 |
Ending Balance | 446 |
Warranties | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 60 |
Utilization | -4 |
Dissolution | 0 |
Currency Differences | 41 |
Ending Balance | 96 |
Gesture Of Goodwill | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 160 |
Utilization | -160 |
Ending Balance | 0 |
Provision for Legal Costs | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 71 |
Utilization | -4 |
Dissolution | 0 |
Currency Differences | 5 |
Ending Balance | 72 |
Severance | ' |
Accrued Liabilities [Line Items] | ' |
Beginning Balance | 0 |
Utilization | 0 |
Dissolution | 0 |
Increase | 70 |
Currency Differences | 0 |
Ending Balance | $70 |
Deferred_Income_Additional_Inf
Deferred Income - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Deferred revenue | $6,099 | $6,341 |
Other_ShortTerm_Liabilities_Su
Other Short-Term Liabilities Summarize (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Short-term Debt [Line Items] | ' | ' |
Other liabilities - Note 19 | $860,032 | $4,252,240 |
Purchase Assets L911 | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Other liabilities - Note 19 | 0 | 1,094,000 |
Purchase Assets Fastworks | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Other liabilities - Note 19 | 750,000 | 1,900,000 |
Purchase Archiving Software | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Other liabilities - Note 19 | 0 | 324,000 |
Tax Liabilities | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Other liabilities - Note 19 | 0 | 724,000 |
Other Liabilities | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Other liabilities - Note 19 | $110,000 | $210,000 |
Liabilities_to_BanksLong_Term_
Liabilities to Banks-Long Term - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Long Term Debt Maturities Repayments Of Principal [Line Items] | ' | ' |
Line of credit facility, amount outstanding | $3,716 | $3,463 |
Other_LiabititiesLong_Term_Add
Other Liabitities-Long Term - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Debt Instrument [Line Items] | ' | ' |
Other Long Term Liabilities | $0 | $2,266,075 |
Remunaration_of_Management_Occ
Remunaration of Management Occupying key Positions Corporation and Subsidiaries (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | $2,012 | $2,011 |
Management Fees Accrued Amount | ' | ' |
Officer One Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 0 | 0 |
Management Fees Accrued Amount | 120,000 | 360,000 |
Officer Two Subsidiary | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 399,295 | 421,956 |
Management Fees Accrued Amount | 0 | 0 |
Officer Three Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 122,452 | 0 |
Management Fees Accrued Amount | 0 | 0 |
Officer Four Subsidiary | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 196,026 | 211,529 |
Management Fees Accrued Amount | 68,844 | 99,553 |
Officer Five Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 188,931 | 135,107 |
Management Fees Accrued Amount | 96,279 | 0 |
Officer Six Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 20,000 | 114,750 |
Management Fees Accrued Amount | 0 | 10,000 |
Officer Seven Subsidiary | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 178,873 | 194,758 |
Management Fees Accrued Amount | 38,247 | 65,448 |
Director One Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 13,667 | ' |
Management Fees Accrued Amount | 22,833 | ' |
Director Two Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 11,650 | ' |
Management Fees Accrued Amount | 18,275 | ' |
Director Three Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 0 | ' |
Management Fees Accrued Amount | 18,100 | ' |
Director Four Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 14,150 | ' |
Management Fees Accrued Amount | 16,275 | ' |
Director Five Company | ' | ' |
Remuneration To Management With Corporation And Subsidiaries [Line Items] | ' | ' |
Management Fee, Amount Paid | 0 | ' |
Management Fees Accrued Amount | $22,425 | ' |
Issuance_of_Share_in_Connectio
Issuance of Share in Connection Loan Agreement (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Related Party Transactions [Line Items] | ' | ' |
Accounts payable and Accruals | $72,000 | $21,100 |
Notes payable (per Note 14) | 2,427,987 | 0 |
Due to associated company | 48,100 | 51,300 |
Due to related parties | 3,152,100 | 432,400 |
Chief Executive Officer [Member] | ' | ' |
Related Party Transactions [Line Items] | ' | ' |
Accounts payable and Accruals | 493,600 | 360,000 |
Board of Directors Chairman [Member] | ' | ' |
Related Party Transactions [Line Items] | ' | ' |
Accounts payable and Accruals | $110,400 | $0 |
Common_Stock_Additional_Inform
Common Stock - Additional Information (Detail) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 1 Months Ended | |||||||||||||||
Apr. 02, 2012 | Mar. 31, 2012 | Apr. 26, 2010 | Dec. 31, 2012 | Mar. 27, 2012 | Dec. 31, 2011 | Apr. 02, 2011 | Mar. 31, 2012 | Dec. 31, 2011 | Apr. 02, 2011 | Mar. 31, 2011 | Apr. 30, 2012 | Apr. 16, 2012 | Apr. 16, 2012 | 15-May-12 | Jul. 05, 2012 | Apr. 28, 2012 | Apr. 28, 2012 | Apr. 30, 2012 | 15-May-12 | 10-May-12 | Mar. 31, 2011 | Jan. 06, 2011 | |
Common Stock | Common Stock | Common Stock | Common Stock | Chief Executive Officer and Board of Directors | Chief Executive Officer and Board of Directors | Chief Executive Officer and Board of Directors | Kjell Jahn | Promissory Notes | RealRisk Ventures, LLC | Lotus Holdings Ltd | Lotus Holdings Ltd | Stockholder of GroupWare, AG | Chief Financial Officer | Private Placement | Reverse Merger | ||||||||
Components Of Common Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, shares authorized | ' | ' | ' | 75,000,000 | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, shares authorized | ' | ' | ' | 25,000,000 | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock par value | ' | ' | ' | $0.00 | ' | $0.00 | ' | ' | ' | $1.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock par value | ' | ' | ' | $0.00 | ' | $0.00 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issued common stock | ' | ' | ' | 29,461,664 | ' | 27,306,664 | ' | ' | ' | ' | 1,742,874 | ' | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding common stock | ' | ' | ' | 29,461,664 | ' | 27,306,664 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,500,000 |
Gross proceed from issuance of common stock and warrant | ' | $450,000 | ' | ' | ' | ' | ' | $5,000 | $3,024,970 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $7,555,000 | ' |
Shares issued for new issues, shares | ' | ' | 11,984,770 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,044,000 | ' |
Warrant issued | ' | 2,020,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued, price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.25 | ' |
Common stock warrant exercise period | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '0 years | ' | ' | ' | ' | '3 years | '3 years | '3 years | ' | ' | ' | ' |
Net proceed from issuance of common stock and warrant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,878,950 | ' |
Shares of common stock issued upon exercise of warrant | 100,000 | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 120,000 | 120,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price per Unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total units, purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 180,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of notes payable being converted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 172,500 | ' | ' | ' | 552,500 | 632,500 | ' | 460,000 | ' | ' | ' | ' |
Shares issued in conversion of notes payable | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | 150,000 | ' | ' | ' | ' | 550,000 | ' | 400,000 | ' | ' | ' | ' |
Conversion rate of conventable promissory note into shares of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.15 | ' | ' | ' | ' | $1.15 | ' | $1.15 | ' | ' | ' | ' |
Common Stock Issuable Price Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrant Issued To Purchase Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 550,000 | ' | 400,000 | ' | ' | ' | ' |
Issuance of unregistered shares of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000 | ' | ' | ' |
Issued | ' | ' | ' | 16,875 | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrants | ' | ' | ' | 0.21 | 1.1 | ' | ' | ' | 1.5 | ' | ' | ' | 1.5 | 1.5 | ' | ' | 1.75 | ' | 1.75 | ' | 1.5 | 1.5 | ' |
Sale of stock, number of shares issued in transaction | ' | ' | ' | ' | ' | ' | ' | 7,500 | 2,020,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of issuance | ' | ' | ' | $2,624 | $270,208 | ' | $34,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of stock, price per share | ' | $0.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price | ' | ' | ' | $0.32 | ' | $2.23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assumption_for_Warrants_Issued
Assumption for Warrants Issued (Detail) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Warranty Liability [Line Items] | ' | ' |
Volatility | ' | 77.10% |
Risk free interest rate | ' | 1.19% |
Expected Life (years) | '3 years | '3 years |
Dividend Rate | ' | ' |
Maximum | ' | ' |
Warranty Liability [Line Items] | ' | ' |
Volatility | 134.30% | ' |
Risk free interest rate | 0.51% | ' |
Minimum | ' | ' |
Warranty Liability [Line Items] | ' | ' |
Volatility | 120.60% | ' |
Risk free interest rate | 0.34% | ' |
Using_Black_Scholes_pricing_mo
Using Black Scholes pricing model (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2012 | Dec. 31, 2011 | |||
Class of Stock [Line Items] | ' | ' | ||
Balance end of period opening balance | 6,846,280 | 2,000,000 | ||
Warrants issued for financial services1 | ' | 707,280 | ||
Warrants issued for financial services2 | ' | 15,000 | ||
Warrants amended | 0 | ' | ||
Warrants reissued | 0 | ' | ||
Warrants issued for legal services | 250,000 | ' | ||
Warrants issued for nominal value | 1,120,000 | ' | ||
Warrants sold with share units1 | 120,000 | 4,024,000 | ||
Warrants issued with debt conversion1 | 550,000 | ' | ||
Warrants issued with debt conversion2 | 500,000 | ' | ||
Warrants sold with share units2 | 30,000 | ' | ||
Warrants issued with debt1 | 550,000 | ' | ||
Warrants issued with debt2 | 100,000 | ' | ||
Warrants issued with debt3 | 0 | ' | ||
Warrants issued with debt4 | 250,000 | ' | ||
Warrants issued for consulting services | 16,875 | 100,000 | ||
Balance end of period closing balance | 10,328,155 | 6,846,280 | ||
Warrants, Fair value at Issuance | ' | $0 | ||
Fair value of warrants issued for financing services1 | ' | 0 | ||
Fair value of warrants issued for financing services2 | ' | 0 | ||
Fair value of warrants amended | 0 | ' | ||
Fair value of warrantsr reissued | 556,785 | ' | ||
Fair value of warrants issued for legal services | 270,208 | [1] | ' | |
Fair value of warrants issued for nominal value | 2,457,662 | ' | ||
Fair value of warrants sold with share units1 | 90,000 | 0 | ||
Fair value of warrants issued with debt conversion1 | 0 | ' | ||
Fair value of warrants issued with debt conversion2 | 0 | ' | ||
Fair value of warrants sold with share units2 | 25,800 | ' | ||
Fair value of warrants issued with debt1 | 26,500 | ' | ||
Fair value of warrants issued with debt2 | 0 | ' | ||
Fair value of warrants issued with debt3 | 0 | ' | ||
Fair value of warrants issued with debt4 | 0 | ' | ||
Fair value of warrants issued for consulting services | $2,624 | [2] | $34,000 | [2] |
Warrants issue date | ' | 1-Oct-10 | ||
Warrants issue date For financial services1 | ' | 11-Mar-11 | ||
Warrants issue date for financial services2 | ' | 28-Mar-11 | ||
Warrants amended date | 1-Oct-10 | ' | ||
Warrants reissued date | 1-Jun-12 | ' | ||
Warrants issue date for legal services | 31-Mar-12 | ' | ||
Warrants issue date for nominal value | 28-Mar-12 | ' | ||
Warrants sold date for share units1 | 16-Apr-12 | 31-Mar-11 | ||
Warrants issue date for debt conversion1 | 28-Apr-12 | ' | ||
Warrants issue date for debt conversion2 | 30-Apr-12 | ' | ||
Warrants sold date for share units2 | 10-May-12 | ' | ||
Warrants issue date for debt1 | 5-Jul-12 | ' | ||
Warrants issue date for debt2 | 13-Aug-12 | ' | ||
Warrants issue date for debt3 | 26-Oct-12 | ' | ||
Warrants issue date for debt4 | 30-Nov-12 | ' | ||
Warrants issue date for consulting services | 21-Dec-12 | 1-Apr-11 | ||
Warrants expiration date | ' | 1-Jun-13 | ||
Warrants expiration date For financial services1 | ' | 14-Mar-14 | ||
Warrants expiration date for financial services2 | ' | 24-Mar-14 | ||
Warrants expiration date amended | 1-Jun-13 | ' | ||
Warrants reissued expiration date | 1-Jun-15 | ' | ||
Warrants expiration date for legal services | 31-Mar-12 | ' | ||
Warrants expiration date for nominal value | 28-Mar-15 | ' | ||
Warrants expiration date for share units1 | 16-Apr-15 | 31-Mar-14 | ||
Warrants expiration date for debt conversion1 | 28-Apr-15 | ' | ||
Warrants expiration date for debt conversion2 | 30-Apr-15 | ' | ||
Warrants expiration date for share units2 | 10-May-15 | ' | ||
Warrants expiration date for debt1 | 5-Jul-12 | ' | ||
Warrants expiration date for debt2 | 13-Aug-15 | ' | ||
Warrants expiration date for debt3 | 29-Oct-15 | ' | ||
Warrants expiration date for debt4 | 30-Nov-15 | ' | ||
Warrants expiration date for consulting services | 21-Dec-15 | 1-Apr-14 | ||
Warrant strike price | ' | $4 | ||
Warrant strike price for financial services1 | ' | $1.50 | ||
Warrant strike price for financial services2 | ' | $1.50 | ||
Warrant strike price for amended | $4 | ' | ||
Warrant strike price for reissued | $1 | ' | ||
Warrant strike price for legal services | $1.10 | ' | ||
Warrant strike price for nominal value | $0.50 | ' | ||
Warrant strike price for share units1 | $1.50 | $1.50 | ||
Warrant strike price for debt conversion1 | $1.75 | ' | ||
Warrant strike price for debt conversion2 | $1.75 | ' | ||
Warrant strike price for share units2 | $1.50 | ' | ||
Warrant strike price for debt1 | $0.50 | ' | ||
Warrant strike price for debt2 | $0.35 | ' | ||
Warrant strike price for debt3 | $0.20 | ' | ||
Warrant strike price for debt4 | $0.20 | ' | ||
Warrant strike price for consulting services | $0.21 | $1.50 | ||
Common shares allowed to purchase | 6,846,280 | 2,000,000 | ||
Common shares amended allowed to purchase | -2,000,000 | ' | ||
Common shares reissued allowed to purchase | 2,000,000 | ' | ||
Issued | ' | ' | ||
Class of Stock [Line Items] | ' | ' | ||
Balance end of period opening balance | 6,866,280 | 0 | ||
Warrants issued for financial services1 | ' | 707,280 | ||
Warrants issued for financial services2 | ' | 15,000 | ||
Warrants amended | 0 | ' | ||
Warrants reissued | 0 | ' | ||
Warrants issued for legal services | 250,000 | ' | ||
Warrants issued for nominal value | 2,020,000 | ' | ||
Warrants sold with share units1 | 120,000 | 6,044,000 | ||
Warrants issued with debt conversion1 | 550,000 | ' | ||
Warrants issued with debt conversion2 | 500,000 | ' | ||
Warrants sold with share units2 | 30,000 | ' | ||
Warrants issued with debt1 | 550,000 | ' | ||
Warrants issued with debt2 | 100,000 | ' | ||
Warrants issued with debt3 | 500,000 | ' | ||
Warrants issued with debt4 | 500,000 | ' | ||
Warrants issued for consulting services | 16,875 | 100,000 | ||
Balance end of period closing balance | 5,136,875 | 6,866,280 | ||
Exercised | ' | ' | ||
Class of Stock [Line Items] | ' | ' | ||
Balance end of period opening balance | 2,020,000 | 0 | ||
Warrants issued for financial services1 | ' | 0 | ||
Warrants issued for financial services2 | ' | 0 | ||
Warrants amended | 0 | ' | ||
Warrants reissued | 0 | ' | ||
Warrants issued for legal services | 0 | ' | ||
Warrants issued for nominal value | 900,000 | ' | ||
Warrants sold with share units1 | 0 | 2,020,000 | ||
Warrants issued with debt conversion1 | 0 | ' | ||
Warrants issued with debt conversion2 | 0 | ' | ||
Warrants sold with share units2 | 0 | ' | ||
Warrants issued with debt1 | 0 | ' | ||
Warrants issued with debt2 | 0 | ' | ||
Warrants issued with debt3 | 500,000 | ' | ||
Warrants issued with debt4 | 250,000 | ' | ||
Warrants issued for consulting services | 0 | 0 | ||
Balance end of period closing balance | 1,655,000 | 2,020,000 | ||
[1] | recorded as legal expense | |||
[2] | recorded as consulting expense |
Sales_Revenue_by_Product_Detai
Sales Revenue by Product (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | $7,184,337 | $6,952,741 | $25,735,784 | $28,273,092 |
Licenses | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 4,244,000 | 5,004,000 |
Maintenance | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 10,802,000 | 11,343,000 |
Partner Contribution | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 0 | 0 |
Service | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 4,540,000 | 6,485,000 |
Third-Party Products | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 2,905,000 | 2,302,000 |
LND Third-Party Products | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 3,114,000 | 2,960,000 |
Others | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 131,000 | 179,000 |
discontinued operations | ' | ' | ' | ' |
Revenues [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | $25,736,000 | $28,273,000 |
Revenues_by_Geographic_Area_De
Revenues by Geographic Area (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | $7,184,337 | $6,952,741 | $25,735,784 | $28,273,092 |
US | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 10,689,000 | 9,232,000 |
Germany | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 14,211,000 | 17,932,000 |
United Kingdom | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | 836,000 | 1,109,000 |
discontinued operations | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | ' | ' | $25,736,000 | $28,273,000 |
LongLived_Assets_by_Geographic
Long-Lived Assets by Geographic Area (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property, plant and equipment - Note 9 | $332,839 | $521,976 |
US | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property, plant and equipment - Note 9 | 124,000 | 204,000 |
Germany | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property, plant and equipment - Note 9 | 206,000 | 292,000 |
United Kingdom | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property, plant and equipment - Note 9 | 3,000 | 3,000 |
Other | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property, plant and equipment - Note 9 | 0 | 23,000 |
discontinued operations | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Property, plant and equipment - Note 9 | $333,000 | $522,000 |
Other_IncomeExpense_Additional
Other Income/Expense - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Component of Other Income, Nonoperating [Line Items] | ' | ' |
Other income (expense) | $1,532 | $16,267 |
Other_Income_Expense_Detail
Other Income Expense (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Component Of Other Income Nonoperating [Line Items] | ' | ' | ' | ' |
Other Expense | ($1,107,277) | ($15,959,654) | ($1,054,734) | ($15,894,738) |
Interest Income | 161 | 14,694 | 3,027 | 33,948 |
Interest expense | -238,681 | -144,654 | -480,086 | -406,407 |
Ending Balance Other Expense | ($1,345,798) | ($16,089,614) | ($1,531,793) | ($16,267,197) |
Deferred_Income_Taxes_Addition
Deferred Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Deferred Revenue Arrangement [Line Items] | ' |
Operating loss carryforwards | $16,362 |
Operating loss carryforwards, expiration dates | '2015 |
Reconciliation_of_Consolidated
Reconciliation of Consolidated Earnings Before Taxes to Income Tax Expense (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Schedule Of Effective Income Tax Rate Reconciliation [Line Items] | ' | ' | ' | ' |
Expected income taxes recovery at the statutory rate | ' | ' | ($2,285,000) | ($6,512,000) |
Effect of change in tax rate | ' | ' | -194,000 | 593,000 |
Permanent differences | ' | ' | 430,000 | 1,061,000 |
Temporary differences | ' | ' | 813,000 | 66,000 |
Price allocation from consolidation | ' | ' | -86,000 | 2,287,000 |
Change in deferred income tax asset | ' | ' | -735,000 | 354,000 |
Valuation allowance | ' | ' | 3,490,000 | 0 |
Income tax expense (recovery) recognized | 2,842,011 | -45,472 | 1,432,252 | -2,151,211 |
Current | ' | ' | 112,000 | 43,000 |
Future | ' | ' | $1,319,697 | ($2,193,941) |
Maximum [Member] | ' | ' | ' | ' |
Schedule Of Effective Income Tax Rate Reconciliation [Line Items] | ' | ' | ' | ' |
Statutory rate | ' | ' | 34.00% | 34.00% |
Minimum [Member] | ' | ' | ' | ' |
Schedule Of Effective Income Tax Rate Reconciliation [Line Items] | ' | ' | ' | ' |
Statutory rate | ' | ' | 23.00% | 23.00% |
Summary_of_Basic_Components_of
Summary of Basic Components of Deferred Tax Liability (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Components Of Deferred Tax Assets and Liabilities [Line Items] | ' | ' |
Intangible assets | ($475,000) | ($732,000) |
Non-capital losses available for future periods | 5,136,000 | 3,339,000 |
Price allocation from consolidation | -68,000 | -154,000 |
Assets held for sale - Note 9 | 384,862 | 682,999 |
Valuation allowance | -3,758,000 | 0 |
Deferred Tax Liabilities, Gross | 4,890,000 | 2,452,000 |
Short term assets | 0 | 0 |
Long term assets | 2,007,000 | 3,648,000 |
Long term liability | -875,000 | -1,196,000 |
Tax Liabilities | $1,132,000 | $2,452,000 |
GROUP_AGs_Benefit_Obligations_
GROUP AG's Benefit Obligations and Plan Assets (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Change in benefit obligation: | ' | ' |
Benefit Obligation at beginning of year | $150 | $154 |
Service cost | 0 | 0 |
Interest cost | 9 | 8 |
Actuarial loss (gain) | 102 | -7 |
Curtailment (gain) loss | 0 | 0 |
Plan amendments | 0 | 0 |
Foreign exchange rate changes | 4 | -6 |
Benefits paid | 0 | 0 |
Benefit Obligation at end of year | 265 | 150 |
Change in plan assets: | ' | ' |
Fair value of plan assets at beginning of year | 93 | 93 |
Actual return on plan assets | 4 | 4 |
Employer contributions | 0 | 0 |
Participant contributions | 0 | 0 |
Benefits paid | 0 | 0 |
Foreign exchange rate changes | 2 | -4 |
Fair value of plan assets at end of year | 99 | 93 |
Benefit Obligation at end of year | 166 | 57 |
Amounts recognized in the Balance Sheet | ' | ' |
Current Liabilities | -166 | -57 |
Amounts recognized in other accumulated comprehensive earnings | ' | ' |
Net actuarial loss (gain) | 107 | -2 |
Prior service cost (credit) | 0 | 0 |
Total net periodic benefit cost | $107 | ($2) |
Components_of_Net_Periodic_Ben
Components of Net Periodic Benefit Cost and Other Comprehensive Earnings for Group AG's Pension Plan (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Net periodic benefit cost: | ' | ' |
Service cost | $0 | $0 |
Interest cost | 9,000 | 8,000 |
Other comprehensive earnings: | ' | ' |
Total net periodic benefit cost | -107,000 | 2,000 |
GROUP Business Software AG | ' | ' |
Net periodic benefit cost: | ' | ' |
Service cost | 0 | 0 |
Interest cost | 9,000 | 8,000 |
Recognition of net actuarial loss (gain) | 102,000 | -4,000 |
Recognition of prior service cost | ' | ' |
Total net periodic benefit cost | 111,000 | 4,000 |
Other comprehensive earnings: | ' | ' |
Actuarial (gain) loss arising in current year | -4,000 | -6,000 |
Prior service costs (credit) arising in current year | 0 | 0 |
Recognition of net actuarial loss (gain) | 0 | 0 |
Recognition of prior service cost | 0 | 0 |
Benefit Obligation at end of year | -4,000 | -6,000 |
Total net periodic benefit cost | ($107,000) | $2,000 |
Weighted_Average_Actuarial_Ass
Weighted Average Actuarial Assumptions (Detail) | 12 Months Ended | ||
Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | |
GROUP Business Software AG | GROUP Business Software AG | ||
Maximum | Minimum | ||
Assumption to determine benefit obligations: | ' | ' | ' |
Discount rate | 5.70% | 5.90% | 3.40% |
Rate of compensation increase | ' | 1.00% | 1.00% |
Assumptions to determine net periodic benefit cost: | ' | ' | ' |
Discount rate | 6.00% | 6.00% | 6.00% |
Pension_Plan_Obligations_Addit
Pension Plan Obligations - Additional Information (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Pension Plan Obligations [Line Items] | ' | ' |
Defined benefit plan expected increase in define benefit obligation year one | ' | $150 |
Defined benefit plan expected increase in define benefit obligation year two | 172 | ' |
Defined benefit plan expected increase in plan assets year one | ' | 5 |
Defined benefit plan expected increase in plan assets year two | $5 | ' |
Details_of_provision_Gratuity_
Details of provision Gratuity Accrued Liabilities (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Schedule Of Provision For Gratuity Included With In Accrued Liabilities [Line Items] | ' | ' | ' |
Benefit Obligation at beginning of year | $265,000 | $150,000 | $154,000 |
Fair value of plan assets | 99,000 | 93,000 | 93,000 |
Benefit Obligation at end of year | 265,000 | 150,000 | 154,000 |
Synaptris Decisions Private Limited | ' | ' | ' |
Schedule Of Provision For Gratuity Included With In Accrued Liabilities [Line Items] | ' | ' | ' |
Benefit Obligation at beginning of year | 35,974 | 38,474 | ' |
Benefit Obligation at end of year | 35,974 | 38,474 | ' |
Gratuity | Synaptris Decisions Private Limited | ' | ' | ' |
Schedule Of Provision For Gratuity Included With In Accrued Liabilities [Line Items] | ' | ' | ' |
Benefit Obligation at beginning of year | 35,974 | 35,974 | ' |
Fair value of plan assets | 0 | ' | ' |
Less: Unrecognized past service cost | 0 | ' | ' |
Benefit Obligation at end of year | $35,974 | $35,974 | ' |
Changes_in_present_value_of_de
Changes in present value of defined benefit obligation (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Benefit Obligation at beginning of year | $150,000 | $154,000 |
Interest cost | 9,000 | 8,000 |
Current service cost | 0 | 0 |
Benefits paid | 0 | 0 |
Actuarial (gain) loss on obligation | 102,000 | -7,000 |
Benefit Obligation at end of year | 265,000 | 150,000 |
Synaptris Decisions Private Limited | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Benefit Obligation at beginning of year | 38,474 | ' |
Interest cost | 1,507 | ' |
Current service cost | 3,143 | ' |
Benefits paid | 2,036 | ' |
Actuarial (gain) loss on obligation | 5,114 | ' |
Benefit Obligation at end of year | $35,974 | ' |
Employee_benefits_towards_comp
Employee benefits towards compensated absences recognized in profit and loss accounts (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Schedule Of Defined Benefit Plan Amounts Recognized In Profit and Loss [Line Items] | ' | ' |
Current service cost | $0 | $0 |
Interest cost | 9,000 | 8,000 |
Synaptris Decisions Private Limited | ' | ' |
Schedule Of Defined Benefit Plan Amounts Recognized In Profit and Loss [Line Items] | ' | ' |
Current service cost | 3,143 | ' |
Interest cost | $1,507 | ' |
Commitments_Detail
Commitments (Detail) (USD $) | Dec. 31, 2012 |
Commitments [Line Items] | ' |
Amount for Next 12 Months 1/1/2013 to 12/31/2013 | $1,258,079.51 |
Amount Exceeding 12 Months 1/1/2014 & On | 1,215,644.37 |
Total Commitments | 2,473,723.88 |
Rental Agreements | ' |
Commitments [Line Items] | ' |
Amount for Next 12 Months 1/1/2013 to 12/31/2013 | 926,947.15 |
Amount Exceeding 12 Months 1/1/2014 & On | 994,845.02 |
Total Commitments | 1,921,792.17 |
Vehicle Lease Agreements | ' |
Commitments [Line Items] | ' |
Amount for Next 12 Months 1/1/2013 to 12/31/2013 | 167,437.69 |
Amount Exceeding 12 Months 1/1/2014 & On | 66,568.23 |
Total Commitments | 234,005.92 |
Other Lease Agreements | ' |
Commitments [Line Items] | ' |
Amount for Next 12 Months 1/1/2013 to 12/31/2013 | 163,694.67 |
Amount Exceeding 12 Months 1/1/2014 & On | 154,231.11 |
Total Commitments | $317,925.79 |
Recovered_Sheet4
Supplemental Cash Flow Disclosures (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure Schedule Of Cash Outlay [Line Items] | ' | ' |
Interest Expense: | $157,719 | $170,222 |
Corporate Income Taxes Paid (Recovered): | 30,599 | 56,939 |
Corporate Taxes (Refunds): | 12,156 | 0 |
Total Cash Expenditure | $176,161 | $227,161 |
Recovered_Sheet5
Supplemental Cash Flow Disclosures - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | ||||||||||||
Apr. 02, 2012 | Dec. 31, 2012 | Dec. 21, 2012 | Mar. 31, 2012 | Mar. 27, 2012 | Dec. 31, 2011 | Jan. 05, 2011 | Nov. 01, 2010 | Jul. 05, 2012 | Apr. 28, 2012 | Apr. 28, 2012 | Apr. 30, 2012 | Apr. 01, 2011 | Apr. 30, 2011 | Jul. 25, 2011 | Jun. 01, 2011 | Jun. 30, 2011 | Sep. 27, 2011 | Feb. 27, 2012 | Apr. 30, 2012 | |
Promissory Notes | RealRisk Ventures, LLC | Lotus Holdings Ltd | Lotus Holdings Ltd | Pavone AG | Pavone AG | IDC Global, Inc. | GroupWare, Inc. | GroupWare, Inc. | Sd Holdings Ltd | GROUP Business Software AG | Gmbh | |||||||||
Vitamin B Venture | ||||||||||||||||||||
Supplemental Cash Flow Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition net assets acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $350,000 | $750,000 | ' | $250,000 | $525,529 | ' | ' |
Business acquisition, debt assumed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 583,991 | 883,005 | ' | 694,617 | ' | ' | ' |
Business acquisition, shares of common stock issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | 880,000 | 250,000 | ' | 612,874 | ' | ' |
Business acquisition, acquisition cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000 | ' | ' | ' | ' | ' |
Signing bonuses to personnel | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,000 | ' | ' | ' | ' | ' |
Debt converted into shares | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | 550,000 | ' | 400,000 | ' | ' | ' | ' | ' | ' | 1,750,000 | 150,000 |
Common stock outstanding | ' | 29,461,664 | ' | ' | ' | 27,306,664 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,982,000 | ' |
Aggregate number of common shares acquired in business acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,525,000 | ' |
Percentage of ownership | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.10% | ' |
Business acquisition additional Common Stock purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000 | ' | ' | ' | 883,765 | ' |
Average purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.70 | ' |
Amount of notes payable being converted | ' | ' | ' | ' | ' | ' | ' | ' | 552,500 | 632,500 | ' | 460,000 | ' | ' | ' | ' | ' | ' | ' | 172,500 |
Warrant Issued To Purchase Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | 550,000 | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrants | ' | 0.21 | ' | ' | 1.1 | ' | ' | ' | ' | 1.75 | ' | 1.75 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock warrant exercise period | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '3 years | '3 years | ' | ' | ' | ' | ' | ' | ' | ' |
Debt conversion, converted instrument, rate | ' | ' | ' | ' | ' | ' | ' | ' | 8.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | 3.25% | ' | ' | ' | ' | 5.00% | 5.00% | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional paid in capital | ' | ' | $2,624 | $270,208 | ' | ' | ' | ' | $26,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (USD $) | 31-May-12 | Apr. 30, 2012 | Feb. 01, 2013 |
Subsequent Event | |||
Global Telecom and Technology Americas Inc | |||
Subsequent Event [Line Items] | ' | ' | ' |
Business acquisition, percentage of interests acquired | 100.00% | ' | 100.00% |
Business acquisition, cash paid | ' | $1,877,232 | $4,600,000 |
Equity method investment, ownership percentage | 100.00% | ' | ' |