Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2017

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation and Accounting Principles

The Company has prepared the accompanying financial statements on a consolidated basis. In the opinion of management, the accompanying consolidated balance sheets and related statements of income and comprehensive income, and cash flows include all adjustments, consisting only of normal recurring items, necessary for their fair presentation, prepared on an accrual basis, in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

The accompanying consolidated financial statements, which are referred herein as the “Financial Statements” include the accounts of Concierge and its wholly owned subsidiaries, Wainwright, Gourmet Foods, Brigadier and Kahnalytics.

Wainwright was acquired during the current fiscal year

. Due to the commonality of ownership and control between the

two

companies, the transaction has been accounted for as a transaction between entities under common control (Refer to Note

of the Financial Statements).

The accompanying Financial Statements as of

June 30, 2017

and

June 30, 2016

include the assets, liabilities and the results of operations of Wainwright at carrying amounts as though the transaction and exchange of equity interests has occurred at the beginning of the comparative period

, or

July 1, 2015.

All significant inter-company transactions and accounts have been eliminated in consolidation.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of the Financial Statements are in conformity with U.S. GAAP which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

For purposes of the consolidated statement of cash flows, cash equivalents include all highly liquid debt instruments with original maturities of

three

months or less which are

not

securing any corporate obligations.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Risk

Concierge

’s corporate office maintains cash balances at a financial institution headquartered in San Diego, California. Accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to

$250,000

per depositor. The corporation’s uninsured cash balance in the United States was

$1.6

million at

June 30, 2017.

The Company’s subsidiary, Wainwright, also maintains cash balances at various high credit quality institutions and from time to time those deposits exceed the FDIC coverage amount of

$250,000.

As of

June 30, 2017

the uninsured amount for Wainwright subsidiaries totaled approximately

$3.6

million, though

losses have been realized and

none

are expected. Cash balances in Canada are maintained at a financial institution in Saskatoon, Saskatchewan by the Company’s subsidiary. Each account is insured up to

CD$100,000

by Canada Deposit Insurance Corporation (CDIC). The Company’s subsidiary had an uninsured cash balance in Canada of approximately

CD$0.5

million (approximately

US$0.4

million) at

June 30, 2017.

Balances at financial institutions within certain foreign countries, including New Zealand where the Company’s subsidiary maintains cash balances, are

not

covered by insurance. As of

June 30, 2017,

the Company’s subsidiary had uninsured deposits related to cash deposits in uninsured accounts maintained within foreign entities of approximately

NZ$0.7

million (approximately

US$0.5

million). The Company has

not

experienced any losses in such accounts.

Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block]

Accounts Receivable, Related Parties and Accounts Receivable, net

Accounts receivable primarily consists of fund

asset management fees receivable from the Wainwright business. Management fees receivable generally consist of

one

month of management fees which are collected in the month after they are earned.

The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowance, management regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, customer concentrations, current economic trends and changes in customer payment patterns. Reserves are recorded primarily on a specific identification basis. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. As of

June 30, 2017

and

2016,

the Company had an i

nsignificant amount recorded in doubtful accounts.

Major Customers, Policy [Policy Text Block]

Major Customers and Suppliers

– Concentration of Credit Risk

Concierge, through Brigadier, is dependent upon its contractual relationship with the alarm monitoring company who purchases the monitoring contracts and provides monitoring services to Brigadier

’s customers. Sales to the

two

largest customers, which includes contracts and recurring monthly residuals from the monitoring company, totaled

46%

of the total revenues for the year ended

June 30, 2017,

and accounted for approximately

40%

of accounts receivable as of the balance sheet date of

June 30, 2017.

There is

comparison data for the prior year as the company was

not

acquired until

June 2016.

Concierge, through Gourmet Foods, has

three

major customer groups comprising the gross revenues to Gourmet Foods;

) grocery,

) gasoline convenience stores, and

) independent retailers. For the year ending and balance sheet date of

June 30, 2017,

our largest customer in the grocery industry, who operates through a number of independently branded stores, accounted for approximately

18%

of our gross sales revenues and

41%

of our accounts receivable as compared to

14%

and

34%

respectively for the prior

11 months ended

June 30, 2016.

The

second

largest in the grocery industry accounted for approximately

11%

and

10%

of our gross revenues and

11%

and

12%

of our accounts receivable for the year ending and

11 months ended

June 30, 2017

and

2016

respectively. In the gasoline convenience store market we supply

two

major channels. The largest is a marketing consortium of gasoline dealers who for the year ending and balance sheet date of

June 30, 2017

accounted for approximately

43%

of our gross sales revenues as compared to

44%

for the

-month period ended

June 30, 2016.

single member of the consortium is responsible for a significant portion of our accounts receivable. The

second

largest are independent operators accounting for less than

10%

of gross sales however

single independent operator is responsible for a significant portion of our accounts receivable. The

third

category of independent retailers and cafes accounted for the balance of our gross sales revenue however the group is fragmented and

one

customer accounts for a significant portion of our revenues or accounts receivable. Gourmet Foods is

not

dependent upon any

one

major supplier as many alternative sources are available in the local market place should the need arise.

For our subsidiary, Wainwright, the concentration of risk and the relative reliance on major customers are found within the various funds it manages and the associated

month revenues and accounts receivable as of

June 30, 2017

and

June 30, 2016

as depicted below.

	12 months ended June 30, 2017				June 30, 2017
	Revenue				Accounts Receivable
Fund
USO	$	13,761,317	58	%	$	1,060,421	60	%
USCI		4,865,171	20	%		317,032	18	%
UNG		3,118,432	13	%		217,760	12	%
All Others		2,181,145	9	%		167,058	10	%
Total	$	23,926,065	100	%	$	1,762,271	100	%

	12 months ended June 30, 2016				June 30, 2016
	Revenue				Accounts Receivable
Fund
USO	$	14,020,971	59	%	$	1,245,396	59	%
USCI		4,244,613	18	%		400,258	19	%
UNG		3,242,502	14	%		280,431	13	%
All Others		2,043,309	9	%		198,020	9	%
Total	$	23,551,395	100	%	$	2,124,105	100	%

Reclassification, Policy [Policy Text Block]

Reclassifications

For comparative purposes, prior year

’s Financial Statements have been reclassified to conform to report classifications of the current year after giving consideration to the acquisition of Wainwright Holdings, Inc. as a pooling of interests under common control.

Inventory, Policy [Policy Text Block]

Inventory

Inventories, consisting primarily of food products and packaging in New Zealand and security system hardware in Canada, are valued at the lower of cost (determined on a FIFO basis) or market. Inventories include product cost, inbound freight and warehousing costs. Management compares the cost of inventories with the market value and an allowance is made for writing down the inventories to their market value, if lower.

For the years ended

June 30, 2017

and

June 30, 2016

impairment to inventory value was recorded as

$2,090

and

$48,330,

respectively. An assessment is made at the end of each fiscal year to determine what inventory items have remained in stock from the close of the previous fiscal year. If such items exist a reserve is established to reduce inventory value by the value of these items. At the years ended

June 30, 2017

and

June 30, 2016,

the reserve for slow moving inventory was

$18,589

and

$0,

respectively.

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and

leasehold improvements are capitalized. Office furniture and equipment include office fixtures, computers, printers and other office equipment plus software and applicable packaging designs. Leasehold improvements, which are included in plant and equipment, are depreciated over the shorter of the useful life of the improvement and the length of the lease. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation is computed using the straight line method over the estimated useful life of the asset (see Note

to the Financial Statements).

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Intangible Assets

Intangible assets consist of brand names, domain names, recipes, non-compete agreements and customer lists. Intangible assets with finite lives are amortized over the estimated useful life and are evaluated for impairment at least on an annual basis and whenever events or changes in circumstances indicate that the carrying value

may

not

be recoverable. The Company assesses recoverability by determining whether the carrying value of such assets will be recovered through the discounted expected future cash flows. If the future discounted cash flows are less than the carrying amount of these assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill

Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a purchase businesses combination. Goodwill is

tested for impairment on an annual basis during the

fourth

quarter of our fiscal year, or more frequently if events or changes in circumstances indicate that the carrying amount of goodwill

may

be impaired. The goodwill impairment test is a

two

-step test. Under the

first

step, the fair value of the reporting unit is compared with its carrying value including goodwill. If the fair value of the reporting unit exceeds its carrying value, step

two

does

not

need to be performed. If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the enterprise must perform step

two

of the impairment test. Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit goodwill. There was

impairment recorded for the years ended

June 30, 2017

and

2016.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long-Lived Assets

The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset

may

not

be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. There was

impairment recorded for the year

s ended

June 30, 2017

2016.

Investments and Fair Value of Financial Instruments, Policy [Policy Text Block]

Investments and Fair Value of Financial Instruments

Short-term investments are classified as available-for-sale securities. The Company measures the investments at fair value at period end with any changes in fair value reflected as unrealized gains or (losses). The Company values its investments in accordance with Accounting Standards Codification ("ASC")

820

– Fair Value Measurements and Disclosures (“ASC

820”

). ASC

820

defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurement. The changes to past practice resulting from the application of ASC

820

relate to the definition of fair value, the methods used to measure fair value, and the expanded disclosures about fair value measurement. ASC

820

establishes a fair value hierarchy that distinguishes between: (

) market participant assumptions developed based on market data obtained from sources independent of the Company (observable inputs) and (

) The Company’s own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The

three

levels defined by the ASC

820

hierarchy are as follows:

Level

– Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level

– Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level

assets include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are

not

active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs).

Level

– Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are

not

available.

In some instances, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety.

The following table summarizes the valuation of the Company

’s securities at

June 30, 2017

using the fair value hierarchy:

At June 30, 2017	Total		Level 1		Level 2		Level 3
Money market funds	$	86,204	$	86,204	$	-	$	-
Mutual fund investment		2,450,920		2,450,920		-		-
ETF investment		809,900		809,900		-		-
Hedge asset		230,746		-		230,746		-
Other e quities		979		979		-		-
Total	$	3,578,749	$	3,348,003	$	230,746	$	-

During the year ended

June 30, 2017,

there were

transfers between Level I and Level II.

The following table summarizes the valuation of the Company

’s securities at

June 30, 2016

using the fair value hierarchy:

At June 30, 2016	Total		Level 1		Level 2		Level 3
Money market funds	$	96	$	96	$	-	$	-
Other e quities		897		897		-		-
Total	$	993	$	993	$	-	$	-

During the year ended

June 30, 2016,

there were

transfers between Level I and Level II.

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Revenue consists of

fees earned through management of investment funds, sale of gourmet meat pies and related bakery confections in New Zealand, security alarm system installation and monitoring service in Canada, and subscriptions to gathering of live-streaming video recording data displayed online to users. Revenue is accounted for net of sales taxes, sales returns, trade discounts. Revenue is recognized when persuasive evidence of an arrangement exists, the price is fixed or determinable, the delivery has occurred,

other significant obligations of the Company exist, and collectability is probable. Product is considered delivered to the customer once it has been shipped and title, risk of loss and rewards of ownership have been transferred. For most of the Company’s product sales or services, these criteria are met at the time the product is shipped, the subscription period commences, or the management fees are accrued.

Income Tax, Policy [Policy Text Block]

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than

not

that these items will either expire before the Company is able to realize their benefits or if future deductibility is uncertain.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than

not

that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are

not

offset or aggregated with other positions. Tax positions that meet the more-likely-than-

not

recognition threshold are measured as the largest amount of tax benefit that is more than

percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations.

Advertising Costs, Policy [Policy Text Block]

Advertising Costs

The Company expenses the cost of advertising as incurred. Advertising costs for the years ended

June 30, 2017

and

2016

were $

3.4

million and

$2.9

million, respectively.

Comprehensive Income, Policy [Policy Text Block]

Other Comprehensive Income (Loss) and Foreign Currency Translation

We record foreign currency translation adjustments and transaction gains and losses in accordance with ASC

830

30,

Foreign Currency Translation. The accounts of Gourmet Foods, Ltd. use the New Zealand dollar as the functional currency. The accounts of Brigadier Security System use the Canadian dollar as the functional currency. Assets and liabilities are translated at the exchange rate on the balance sheet date, and operating results are translated at the average exchange rate throughout the period. Accumulated translation gains and losses classified as an item of accumulated other comprehensive income (loss) in the stockholders’ equity section of the consolidated balance sheet was approximately

$113

thousand and (

$30

) thousand as of

June 30, 2017

and

2016,

respectively. Other comprehensive income (loss) is attributed to changes in the valuation of short term investments held by Wainwright for approximately

$36

thousand and

for the years ended

June 30, 2017

and

2016,

respectively. Foreign currency transaction gains and losses can occur if a transaction is settled in a currency other than the entity's functional currency. For the years ended

June 30, 2017

and

June 30, 2016

there were

material transactional gains or losses.

Segment Reporting, Policy [Policy Text Block]

Segment Reporting

The Company defines operating segments as components about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performances. The Company allocates its resources and assesses the performance of its sales activities based on the geographic locations of its subsidiaries (

Refer to Note

of the Financial Statements).

Business Combinations Policy [Policy Text Block]

Business Combinations

We allocate the fair value of purchase consideration to the tangible assets acquired, liabilities assumed and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are

not

limited to, future expected cash flows from acquired users, acquired trade names from a market participant perspective, useful lives and discount rates. Management

’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results

may

differ from estimates. During the measurement period, which is

one

year from the acquisition date, we

may

record adjustments to the assets acquired and liabilities assumed. For the years ended

June 30, 2017

and

2016

a determination was made that

adjustments were necessary.

Reclassifications [Policy Text Block]

Reclassifications

Certain

2016

balances have been reclassified to conform to the

2017

presentation

in consideration of the pooling of interests with Wainwright during the current fiscal year.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

September 2015,

the Financial Accounting Standards Board (“FASB”) issued ASU

No.

2015

16,

"Business Combinations (Topic

805

) Simplifying the Accounting for Measurement-Period Adjustments.” ASU

No.

2015

simplifies the accounting for measurement-period adjustments attributable to an acquisition. Under prior guidance, adjustments to provisional amounts during the measurement period that arise due to new information regarding acquisition date circumstances must be made retrospectively with a corresponding adjustment to goodwill. The amended guidance requires an acquirer to record adjustments to provisional amounts made during the measurement period in the period that the adjustment is determined. The adjustments should reflect the impact on earnings of changes in depreciation, amortization, or other income effects, if any, as if the accounting had been completed as of the acquisition date. Additionally, amounts recorded in the current period that would have been reflected in prior reporting periods if the adjustments had been recognized as of the acquisition date must be disclosed either on the face of the income statement or in the notes to financial statements. This guidance is effective prospectively for interim and annual periods beginning after

December 15, 2015

and early application is permitted. The impact of the guidance on our financial condition, results of operations and financial statement disclosures will depend on the level of acquisition activity performed by the Company.

November 2015,

the Financial Accounting Standards Board (FASB) issued ASU

2015

17,

“Balance Sheet Classification of Deferred Taxes” (ASU

2015

), which changes how deferred taxes are classified on the balance sheet and is effective for financial statements issued for annual periods beginning after

December 15, 2016,

with early adoption permitted. ASU

2015

requires all deferred tax assets and liabilities to be classified as non-current. The adoption of this guidance is

not

expected to have a material impact on the Company

’s results of operations, financial position or disclosures.

January 2016,

the FASB issued ASU

2016

01,

“Recognition and Measurement of Financial Assets and Financial Liabilities” (ASU

2016

), which requires equity investments that are

not

accounted for under the equity method of accounting to be measured at fair value with changes recognized in net income and updates certain presentation and disclosure requirements. ASU

2016

is effective beginning after

December 15, 2017.

The adoption of this guidance is

not

expected to have a material impact on the Company

’s results of operations, financial position or disclosures.

February 2016,

the FASB issued ASU

No.

2016

02,

“Leases,” which requires lessees to recognize right-of-use assets and lease liabilities, for all leases, with the exception of short-term leases, at the commencement date of each lease. This ASU requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or

not

the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. This ASU is effective for annual periods beginning after

December 15, 2018

and interim periods within those annual periods. Early adoption is permitted. The amendments of this update should be applied using a modified retrospective approach, which requires lessees and lessors to recognize and measure leases at the beginning of the earliest period presented. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements.

March 2016,

the FASB issued ASU

2016

07,

"Investments Equity-Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting" (“ASU

2016

07”

). ASU

2016

eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. ASU

2016

is effective for fiscal years beginning after

December 15, 2016,

including interim periods within those fiscal years. We are currently evaluating the impact the adoption of this standard would have on our financial condition, results of operations and cash flows.

March 2016,

the FASB issued ASU

2016

09,

“Improvements to Employee Share-Based Payment Accounting.” The guidance simplifies accounting for share-based payments, most notably by requiring all excess tax benefits and tax deficiencies to be recorded as income tax benefits or expense in the income statement and by allowing entities to recognize forfeitures of awards when they occur. This new guidance is effective for annual reporting periods beginning after

December 15, 2016

and

may

be adopted prospectively or retroactively. We are currently evaluating the impact the adoption of this standard would have on our financial condition, results of operations and cash flows.

November 17, 2016,

the FASB issued ASU

2016

18,

"Statement of Cash Flows (Topic

230

): Restricted Cash". It is intended to reduce diversity in the presentation of restricted cash and restricted cash equivalents in the statement of cash flows. The new standard requires that restricted cash and restricted cash equivalents be included as components of total cash and cash equivalents as presented on the statement of cash flows. As a result, entities will

longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the statement of cash flows. ASU

2016

is effective for annual periods beginning after

December 15, 2017

including interim periods within those fiscal years. Earlier adoption is permitted. The adoption of ASU

2016

not

expected to have a material effect on the Company

’s consolidated financial statements.

January 2017,

the FASB issued ASU

No.

2017

01,

"Clarifying the Definition of a Business", which clarifies and provides a more robust framework to use in determining when a set of assets and activities is a business. The amendments in this update should be applied prospectively on or after the effective date. This update is effective for annual periods beginning after

December 15, 2017,

and interim periods within those periods. Early adoption is permitted for acquisition or deconsolidation transactions occurring before the issuance date or effective date and only when the transactions have

not

been reported in issued or made available for issuance financial statements. The Company does

not

expect the adoption to have any significant impact on its Consolidated Financial Statements.

January 2017,

the FASB issued ASU

No.

2017

04,

"Simplifying the Test for Goodwill Impairment". Under the new standard, goodwill impairment would be measured as the amount by which a reporting unit

’s carrying value exceeds its fair value,

not

to exceed the carrying value of goodwill. This ASU eliminates existing guidance that requires an entity to determine goodwill impairment by calculating the implied fair value of goodwill by hypothetically assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. This update is effective for annual periods beginning after

December 15, 2019,

and interim periods within those periods. Early adoption is permitted for interim or annual goodwill impairment test performed on testing dates after

January 1, 2017.

The Company will apply this guidance to applicable impairment tests after the adoption date.

other recently issued accounting pronouncements are expected to have a material impact on the Company

’s consolidated financial statements.

Estimated Useful Life (in years)

Plant and equipment:

Furniture and office equipment: