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EXCEL - IDEA: XBRL DOCUMENT - NSU Resources IncFinancial_Report.xls
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EX-31 - NSU Resources Incnost10k0417exhib312.htm
EX-31 - NSU Resources Incnost10k0417exhib311.htm
EX-32 - NSU Resources Incnost10k0417exhib321.htm
10-K - NSU Resources Incnost10k0417a.htm
v2.4.0.6
Impairment Loss
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Impairment Loss

 

Note 6 – Impairment Loss

 

During the year ended December 31, 2010, the Company issued 23,333,333 shares of its common stock in exchange for technology vital to its business plan. The Company performed an impairment test on the value of this asset as of December 31, 2010 and determined its value to be impaired based on the undeterminable amount of future benefit expected to be received. As such, the value of the intangible asset as been impaired reflecting a $2,100,000 loss in the statement of operations for the year ended December 31, 2010.