NOTE 4 - INTANGIBLES

6 Months Ended

Oct. 31, 2016

Finite-Lived Intangible Assets, Net [Abstract]

NOTE 4 - INTANGIBLES

NOTE 4 – INTANGIBLES

As of October 31, 2016 and April 30, 2016, intangibles consisted of:

	October 31,	April 30,
	2016	2016
Viralpwnage.com	$ 89,792	$ 89,792
Less accumulated amortization	84,948	83,333
Intangibles, net	$ 4,844	$ 6,459

The intangible assets are amortized over an estimated useful life of 3 years. Amortization expenses were $1,615 and $41,667 for the six months ended October 31, 2016 and 2015, respectively. We determined the implied fair value of intangibles was substantially below the carrying value being reported. Accordingly, we recognized an impairment loss of $160,208, for the year ended April 30, 2016. No impairment of intangibles was recognized for the six months ended October 31, 2016.