NOTE 4 - WEBSITE
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9 Months Ended |
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Sep. 30, 2014
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Notes to Financial Statements | |
NOTE 4 - WEBSITE |
NOTE 4 WEBSITE
The Company purchased licenses and domain names to operate several medical marijuana websites for $400,000. The licenses and sites are the Companys entry into several markets and helped the Company bring in all the customers in the last quarter in Illinois and Nevada.
In accordance with its accounting policy and ASC 350, the Company tests the value of the website and any other intangibles with indefinite lives annually for impairment and assesses whether there are any indicators of impairment on an interim basis. There was no impairment as of September 30, 2014. The Company plans to perform its annual impairment test for all reporting units on December 31, 2014. |