桃汁影院, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

1. Nature of Operations and Going Concern (Tables)

1. Nature of Operations and Going Concern (Tables)

12 Months Ended

Dec. 31, 2012

Nature Of Operations And Going Concern Tables

Accordingly, the assets acquired in the merger have been recorded at the transferors’ historical cost basis determined under GAAP. The net purchase price, including acquisition costs paid, was allocated to assets acquired and liabilities assumed as follows:

Current assets (including cash of $3,200)	$	3,200
Intangible assets		-
Liabilities assumed		-
Net purchase price	$	3,200

Depreciation and amortization

Property and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets per the following table.

Category		Depreciation Term
Call center equipment		5 years
Computer and office equipment		5 years
Furniture and fixtures		7 years
Library (online)		3 years
Software		5 years
Vehicle		5 years

Reclassifications to the consolidated statements of operations

The following tables show the reclassifications to the consolidated statements of operations for the year ended December 31, 2011.

	For the Year Ended December 31, 2011
			Reclassifications
												Financial
									Courseware			Aid			Training and
	As Previously		Bad Debt			Consulting			Development			Processing			Seminars			As
	Reported		Expense			Expense			Costs			Costs			Expense			Reclassified

Costs and expenses:
Instructional costs and services	$	2,493,341	$	(21,200	)				$	(236,953	)	$	(35,154	)				$	2,200,034
Marketing and promotional		1,181,558				$	(658,832	)							$	(7,364	)		515,362
General and adminstrative		2,634,453		21,200			658,832			236,953			35,154			7,364			3,593,956
Depreciation and amortization		264,082																	264,082
Total costs and expenses	$	6,573,434																$	6,573,434