impairment of long-lived assets, including property, plant and equipment and amortizable intangible assets, by measuring the estimated
undiscounted future cash flows generated by these assets, comparing the result to the assets carrying values and, if necessary,
adjusting the assets to the lower of its carrying value or fair value and charging current operations for the measured impairment.
The determination of the undiscounted future cash flows and fair value of these assets are subject to significant judgment.
are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts
might not be recoverable. In accordance with ASC 360, as of September 30, 2012, as the Companys market capitalization was
lower than the carrying value of its assets, management performed an impairment test pursuant to the guidance outlined in ASC
360-10-35-21 and no impairment charges were recognized for the relevant year. As of September 30, 2012, the Company expects these
assets to be fully recoverable based on the result of the impairment test. Goodwill amounting to $99,999 as at September 30, 2012
was considered immaterial and not tested for impairment in accordance with ASC 350.