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Note A - Summary of Accounting Policies and Nature of Operations: Long-lived Assets (Policies)
12 Months Ended
Dec. 31, 2013
Policies  
Long-lived Assets

Long-Lived Assets

 

All long-lived assets held and used by the Company, including intangible assets, are reviewed to determine whether any events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. . In accordance with ASC 360-10-35 “Impairment or Disposal of Long-lived Assets”, the Company bases its evaluation on such impairment indicators as the nature of the assets, the future economic benefit of the assets, any historical or future profitability measurements, as well as other external market conditions or factors that may be present. If such impairment indicators are present or other factors exist that indicate that the carrying amount of the asset may not be recoverable the Company determines whether impairment has occurred through the use of an undiscounted cash flows analysis of the asset. If impairment has occurred, the Company recognizes a loss for the difference between the carrying amount and the estimated value of the asset. 

The Company incurred an impairment expense of $31,295 in 2012 and no impairment expense was incurred in 2013.    Amortization expense for the years ended December 31, 2013 and 2012 was $5,910 and $3,125, respectively