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Note 15 - Discontinued Operations
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9 Months Ended |
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Sep. 30, 2014
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| Notes | |
| Note 15 - Discontinued Operations |
NOTE 15 - DISCONTINUED OPERATIONS
On February 13, 2014 the Company sold off the subsidiary, Pipeline Nutrition USA, Inc. For accounting purposes, the effective date of the transaction was retroactively made to be December 31, 2013. Subsequently, on March 31, 2014 two additional active subsidiaries were established and the acquisition of another subsidiary made in the 4th quarter of 2013 was rescinded. For comparative purposes following guidance under ASC 205-10-20 we have included the results of the sold off subsidiary as discontinued operations and not to be used in comparisons to our current operations.
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- Details
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- Definition
The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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