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Organization and Nature of Business
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6 Months Ended |
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Jun. 30, 2012
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| Notes to Financial Statements | |
| Organization and Nature of Business |
Note B - Organization and Nature of Business
The Gold Bar Mill (“Mill”), our only remaining significant non-current asset, is currently idle and has been since we acquired it in 2004. We continue to monitor the Mill for impairment on a periodic basis or whenever circumstances arise that indicate the carrying amount of the Mill may not be recoverable. An impairment loss is recognized when the carrying value of the Mill exceeds the estimated undiscounted future cash flows. As of and through June 30, 2012 we have not recognized any impairment on the Mill. |
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- Details
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- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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