XML 24 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Goodwill
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Note 6 - Goodwill

NOTE 6 – GOODWILL

 

As discussed in Note 4, the July 14, 2018 acquisition of the consortium resulted in goodwill of $9,245,953.

 

The Company tests its recorded goodwill for impairment annually on November 30, or more often if indicators of potential impairment exist, by determining if the carrying value of each reporting unit exceeds its estimated fair value. Factors that could trigger impairment include, but are not limited to, underperformance relative to historical or projected future operating results, significant changes in the manner of use of the acquired assets or the Company’s overall business and significant negative industry or economic trends. Future impairment reviews may require write-downs in the Company’s goodwill and could have a material adverse impact on the Company’s operating results for the periods in which such write-downs occur.  As of December 31, 2018 and 2017, goodwill was $9,245,953 and $0, respectively.