Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Summary of Significant Accounting Policies: Other-Than-Temporary Impairment (Policies)

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Note 2 - Summary of Significant Accounting Policies: Other-Than-Temporary Impairment (Policies)
 9 Months Ended
Sep. 30, 2013
Policies  
Other-Than-Temporary Impairment

Other-Than-Temporary Impairment:

 

All of our non-marketable and other investments are subject to a periodic impairment review. Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. The indicators that we use to identify those events and circumstances include:

  

 

·  the investee’s revenue and earnings trends relative to predefined milestones and overall business prospects;

 

·  When events or changes in circumstances indicate that long-lived assets other than goodwill may be impaired, an evaluation is performed to determine if a write-down to fair value is required. When an asset is classified as held for sale, the asset's book value is evaluated and adjusted to the lower of its carrying amount or fair value less cost to sell. In addition, depreciation and amortization ceases while it is classified as held for sale.

 

·  the general market conditions in the investee’s industry or geographic area, including regulatory or economic changes;

 

·  factors related to the investee’s ability to remain in business, such as the investee’s liquidity, debt ratios, and the rate at which the investee is using its cash; and

 

·  the investee’s receipt of additional funding at a lower valuation. If an investee obtains additional funding at a valuation lower than our carrying amount or a new round of equity funding is required for the investee to remain in business, and the new round of equity does not appear imminent, it is presumed that the investment is other than temporarily impaired, unless specific facts and circumstances indicate otherwise.