NOTE 4 - INTANGIBLES

8 Months Ended

Dec. 31, 2016

Finite-Lived Intangible Assets, Net [Abstract]

NOTE 4 - INTANGIBLES

NOTE 4 – INTANGIBLES

Intangibles consisted of:

	December 31,	April 30,
	2016	2016
Viralpwnage.com	$ 89,792	$ 89,792
Less accumulated amortization	85,486	83,333
Intangibles, net	$ 4,306	$ 6,459

The intangible assets are amortized over an estimated useful life of 3 years. Amortization expenses were $2,153 and $83,333 for the eight months ended December 31, 2016 and year ended April 30, 2016, 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 eight months ended December 31, 2016.