v3.19.1
Gain on Intangible Asset
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
GAIN ON INTANGIBLE ASSET

NOTE 8 – GAIN ON INTANGIBLE ASSET

 

In October 2018, the Company sold the FormTool software program and the domain website name, www.formtoolsoftware.com, to a private company for $6,000 which was paid in cash. At December 31, 2018, the Company did not have a value assigned to the intangible assets consisting of the FormTool software program and the domain website name, www.formtoolsoftware.com. As a result, the Company recognized a gain on intangible asset of $6,000 on our Consolidated Statement of Operations for the year ended December 31, 2018.