Summary of Significant Accounting Policies: Other Receivables, Policy (Policies) |
6 Months Ended |
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Jun. 30, 2016 | |
| Policies | |
| Other Receivables, Policy |
Other Receivables - The Company recognizes non-trade receivables on the sale of assets held for sale. During the period ended June 30, 2016 the Company sold $25,000 of assets held for sale to its licensee and recorded a receivable. |
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- References No definition available.
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- Definition Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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