Viaspace, Inc. (VSPC)

[pickinNclickin]

from kevin...."With the exception of the goodwill impairment expense of $7.3 million which was related to our Inter-Pacific Arts artwork business and its original valuation in October 2008, we show progress, year-over-year from 2010 to 2011.

all this means is the value of ipa has changed for the worse since 2008...and the accounting rules say those numbers need to reflect on your statements...it just managed to happen this year which is why such a big loss is shown...