Note 2 - Summary of significant accounting policies: Long-lived assets impairment assessment (Policies)
|3 Months Ended|
Mar. 31, 2020
|Long-lived assets impairment assessment||
Long-lived assets impairment assessment
In accordance with the FASB Accounting Standards Codification (ASC) 350, Intangibles - Goodwill and Other, we regularly review the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The carrying value and ultimate realization of these assets is dependent upon our estimates of future earnings and benefits that we expect to generate from their use. If our expectations of future results and cash flows are significantly diminished, intangible assets and other long-lived assets may be impaired, and the resulting charge to operations may be material. When we determine that the carrying value of intangibles or other long-lived assets may not be recoverable based upon the existence of one or more indicators of impairment, we use the projected undiscounted cash flow method to determine whether an impairment exists and then measure the impairment using discounted cash flows.
Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef