Summary of Significant Accounting Policies: Extinguishment of Debt Policy (Policies)
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12 Months Ended |
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Dec. 31, 2014
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Policies | |
Extinguishment of Debt Policy |
Extinguishment of Debt - The Company recognizes any difference between the reacquisition price of debt and the net carrying amount of the extinguished debt in income of the period of the extinguishment as gains or losses. The Company recognized a loss of $822,205 on the extinguishment of unsecured notes payable during the year ended December 31, 2014. |
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- Definition
Accounting policy No definition available.
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- Details
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