Annual report pursuant to Section 13 and 15(d)

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

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NOTE 4: SIGNIFICANT ACCOUNTING POLICIES: Intangible Assets (Policies)
12 Months Ended
Dec. 31, 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. In the year ended December 31, 2018 company recorded $9,475 of impairment loss. Intangible assets as of December 31, 2018 and 2017 amounted to $53,692 and $63,167, respectively.