Significant Accounting Policies: Impairment of Long-lived Assets (Policies)

12 Months Ended

Mar. 31, 2013

Policies

Impairment of Long-lived Assets

Impairment of Long-Lived Assets

The Company evaluates its long-lived assets, which include property and equipment, for impairment as events and circumstances indicate that the carrying amount may not be recoverable.  The Company evaluates the realizability of its long-lived assets based on reviews of results of sales of similar assets and independent appraisals.  As a result of the continued operating losses described above, the Company evaluated the recoverability of its property and equipment as of March 31, 2013 and March 31, 2012 and determined that during the fiscal year ended March 31, 2012, there existed an impairment of a single group of production equipment, accordingly, the Company recorded an impairment charge of $16,000 for the fiscal year ended March 31, 2012.  The Company determined that during the fiscal year ended March 31, 2013, there existed $0 additional impairment of its long-lived assets.