Note 2 - Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Policies)

12 Months Ended

Mar. 31, 2016

Policies

Impairment of Long-lived Assets

Impairment of long-lived assets

The Company reviews and evaluates the net carrying value of its long-lived assets at least annually, or upon the occurrence of other events or changes in circumstances that indicate that the related carrying amounts may not be recoverable. Per ASC 360-10-35-21, a long-lived asset (asset group) shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Per ASC 360-10-35-17, an impairment loss shall be recognized only if the carrying amount of the long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset (asset group) is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset (asset group).

The Company conducted an annual impairment analysis and determined that full impairment of the patent “Chinese herbal medicine compound to treat renal insufficiency and its preparation” (ZL200710013301.8) was recorded in March 31, 2016.  (See the NOTE 7).