Note 1 - Organization and Summary of Significant Accounting Policies: Goodwill (Policies) |
6 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Policies | |
| Goodwill | Goodwill
Goodwill represents the excess of the acquisition price of a business over the fair value of identified net assets of that business. Goodwill has an indefinite lifespan and is not amortized. The Company evaluates goodwill for impairment at least annually and records an impairment charge when the carrying amount of a reporting unit with goodwill exceeds the fair value of the reporting unit.
The Company assesses qualitative factors to determine if it is necessary to conduct a quantitative goodwill impairment test. If deemed necessary, a quantitative assessment of the reporting unit’s fair value is conducted and compared to its carrying value in order to determine the impairment charge.
For the period ended December 31, 2025, the Company recorded no goodwill impairment charges. |