Annual report pursuant to Section 13 and 15(d)

Assets held for sale, Policy (Policies)

v3.7.0.1
Assets held for sale, Policy (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Assets held for sale, Policy

Assets held for sale - In efforts to streamline the operations and expenses the Company has opted to sell or return certain assets to improve cash flow or settle debt.  The assets are expected to be sold within the next 12 months and meet the other relevant held-for-sale criteria are classified as long-lived assets held-for-sale and measured at their fair value based on the Company’s own judgments about assumptions that market participants would use in pricing the asset and on observable market data, when available.  An impairment loss is recorded in the statement of operations for long-lived assets held-for-sale when the carrying amount of the asset exceeds its fair value less cost to sell. A long-lived asset is not depreciated while it is classified as held-for-sale.