Commerce Energy Group (EGR)

[OptionMonster]

When are you going to learn how to read!! During the third quarter of fiscal 2008, the company completed its annual review of intangibles and goodwill according to FASB Statement 142, “Goodwill and Other Intangible Assets.” As a result of that review, it was determined that certain intangible assets and goodwill related to the company’s Skipping Stone energy consulting business were impaired. Accordingly, the company recognized a $1.4 million impairment charge comprised of a long-lived asset impairment of $840,000 and a goodwill asset impairment of $560,000.