Quarterly report pursuant to Section 13 or 15(d)

NOTE 4: SIGNIFICANT ACCOUNTING POLICIES: Intangible Assets (Policies)

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NOTE 4: SIGNIFICANT ACCOUNTING POLICIES: Intangible Assets (Policies)
9 Months Ended
Sep. 30, 2018
Policies  
Intangible Assets

Intangible Assets

 

As required by generally accepted accounting principles, trademarks and patents are not amortized since they have an indefinite life. Instead, they are tested annually for impairment. Intangible assets as of September 30, 2018 amounted to $53,692 net of accumulated impairment losses of $661,740.