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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: ACQUISITION (Policies)
12 Months Ended
Dec. 31, 2024
Policies  
ACQUISITION

ACQUISITION

 

The Company accounts for business combinations in accordance with Accounting Standard Codification (‘ASC ‘) 805, Business Combinations. The results of businesses acquired in a business combination are included in the Company’s consolidated financial statements from the date of the acquisition. Purchase accounting results in the assets and liabilities of an acquired business generally being recorded at their estimated fair values on the acquisition date. Any excess consideration over the fair value of the assets acquired and liabilities assumed is recognized as goodwill. Transaction costs associated with business combinations are expensed as incurred and are included in general and administrative-related costs in the consolidated statements of operations. The Company performs valuations of assets acquired and liabilities assumed and allocates the purchase price to its respective assets and liabilities. Determining the fair value of assets acquired and liabilities assumed requires management to use significant judgment and estimates.