Summary of Significant Accounting Policies: Beneficial Conversion Feature Policy (Policies)
|9 Months Ended|
Sep. 30, 2018
|Beneficial Conversion Feature Policy||
Beneficial Conversion Feature
If the conversion features of conventional convertible debt provide for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (BCF). We record a BCF as a debt discount pursuant to ASC Topic 470-20 Debt with Conversion and Other Options. In those circumstances, the convertible debt is recorded net of the discount related to the BCF and we amortize the discount to interest expense over the life of the debt using the effective interest method.