Basis of Presentation and Summary of Significant Accounting Policies: Impairment off Long-Lived Assets, Policy (Policies)
|12 Months Ended|
Dec. 31, 2015
|Impairment off Long-Lived Assets, Policy||
Impairment of Long-lived Assets - The Company periodically reviews its long-lived assets to determine potential impairment by comparing the carrying value of the long-lived assets with the estimated future net undiscounted cash flows expected to result from the use of the assets, including cash flows from disposition, at least annually or more frequently if events or changes in circumstances indicate a potential impairment may exist. Should the sum of the expected future net cash flows be less than the carrying value, the Company would recognize an impairment loss at that date. An impairment loss would be measured by comparing the amount by which the carrying value exceeds the fair value (estimated discounted future cash flows) of the long-lived assets. The Company performs its impairment analysis in October of each year. The Company recognized an impairment of $1,517,859 on intangible assets related to the asset purchase agreement. (Note 5)
Disclosure of accounting policy for the impairment and disposal of long-lived assets including goodwill and other intangible assets.
No definition available.