Game Plan Holdings, Inc. - FORM 10-Q/A - XML - IDEA: XBRL DOCUMENT - November 27, 2012

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10-Q/A - FORM 10-Q AMENDMENT - Game Plan Holdings, Inc.gameplan_10qa-093012.htm
v2.4.0.6
6. INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Note 6. INTANGIBLE ASSETS

 

During the nine months ended September 30, 2012, the Company evaluated the revenue potential of its websites (HazzSports.com and TotalScout.com). Based upon this evaluation, the Company determined that the future outlook for these two websites was zero. Accordingly, the Company performed and impairment assessment on these two assets. The preliminary assessment, based upon undiscounted cash flows, indicated that these assets were impaired. The Company recorded a $34,985 impairment charge during the nine months ended September 30, 2012.

 

The following is a summary of intangible assets as of September 30, 2012 and December 31, 2011:

 

    September 30, 2012     December 31, 2011  
Intangible assets                
Website (CheckinSave.com)   $ 228,500     $ 228,500  
Website other (HazzSports.com and TotalScout.com)     –       34,985  
Accumulated depreciation     (90,334 )     (33,313 )
Website, net   $ 138,166     $ 230,172  

 

Amortization expense was $57,021 and $485 for the nine months ending September 30, 2012 and 2011, respectively.

 

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