Intangible Assets, Goodwill and Other | 3 Months Ended |
|---|---|
Sep. 30, 2011 | |
| Intangible Assets, Goodwill and Other | |
| Impaired Intangible Asset, Facts and Circumstances Leading to Impairment | NOTE 6 – IMPAIRMENT EXPENSE
As a result of the decision to sell the QuickVerse product line, we tested for impairment certain intangible assets associated with the QuickVerse product line. In accordance with ASC 360-10-35, Property, Plant, and Equipment, Overall, Subsequent Measurement, we recognized a total impairment expense of $217,972 during the nine months ended September 30, 2011 for the intangible assets related to capitalized software development costs, capitalized raw material packaging costs, and capitalized website development costs. This has been treated as an operating expense and included in Impairment expense on our Condensed Consolidated Statement of Operations.
|