SiNtx Technologies Inc (SINT)

[CL101]

Dispose of sale of assets:

Under U.S. GAAP, testing a long-lived asset (asset group) for impairment is a two-step process:

Step 1 — The entity tests the long-lived asset or asset group for recoverability by comparing the carrying amount of the long-lived asset or asset group with the sum of the undiscounted future cash flows and the eventual disposal of the asset.[color=red][/color] If the carrying amount of the long-lived asset or asset group is determined to be greater than the sum of the undiscounted future cash flows, the entity would need to perform step 2. Step 2 — If the long-lived asset or asset group fails the recoverability test in step 1, the entity must record an impairment expense for the difference between the carrying amount and the fair value of the long-lived asset or asset group.

https://www.iasplus.com/en-us/standards/ifrs-usgaap/impairment-of-assets

This is the language in their 8-k today:

Prior to filing the Form 10-Q the Company requires additional time to fully consider whether there is any potential impairment in relation to certain of its long-lived assets in connection with the completion of the audit of its 2016 financial results and the filing of its 2016 Annual Report on Form 10-K.

Please do not tell me it's about selling a nut, a bolt, a chair and a table!