nature of the Companys equipment is ATMs. The ATMs are depreciated utilizing a straight line method. The useful
life of each machine is approximately twelve years. The Company has a policy to immediately expense equipment with a
cost of less than $400.
|Property plant & equipment net of accumulated depreciation
Company reviews its long-lived assets for impairment in accordance with the guidance of FASB ASC 360-10, Property, Plant, and
Equipment, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability
of assets to be held and used is measured by a comparison of the capitalized costs of the assets to the future undiscounted net
cash flows expected to be generated by the assets and the expected cash flows are based on recent historical cash flows.
If the Company decides to dispose of a property, it will be moved to property held for sale and actively marketed. Property held
for sale is recorded at amounts not in excess of what management currently expects to receive upon sale, less costs of disposal.
The Company analyzes market conditions each reporting period and records additional impairments due to declines in market values
of like assets. The fair value of the property is determined by observable inputs such as appraisals and prices of comparable
properties in active markets for assets like the Companys. Gains are not recognized until the properties are sold.
the Company is primarily focused on the placement and management of ATMs, the vehicle owned by the Company at the year
ended September 30, 2011, was donated to a non-profit organization during the year ended September 30, 2012. The vehicle
represented an insignificant portion of the property held for sale. During the year ended September 30, 2012, the Company
sold the pressure washer equipment for $3,000.