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1. Organization and Summary of Significant Accounting Policies: Note Receivable - Related Party (Policies)
9 Months Ended
Sep. 30, 2014
Policies  
Note Receivable - Related Party

Notes Receivable – Related Parties

 

The Company evaluates its notes receivable for impairment when it is probable the payment of interest and principal will not be made in accordance with the contractual terms of the note agreements. Once a note has been determined to be impaired, it is measured to establish the amount of the impairment, if any, based on the fair value of the note using present value of expected future cash flows discounted at the note’s effective interest.  If the fair value of the impaired note receivable is less than the recorded investment in the note, a valuation allowance is recognized.