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EXCEL - IDEA: XBRL DOCUMENT - Bio-Carbon Solutions International Inc.Financial_Report.xls
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EX-31 - Bio-Carbon Solutions International Inc.nost10k0417exhib312.htm
EX-31 - Bio-Carbon Solutions International Inc.nost10k0417exhib311.htm
EX-32 - Bio-Carbon Solutions International Inc.nost10k0417exhib321.htm
10-K - Bio-Carbon Solutions International Inc.nost10k0417a.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.