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PARK VIDA GROUP, INC.
|
8-K
Sep 29, 11:23 AM ET
PARKVIDA GROUP, INC. 8-K
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Contents
32
TABLE OF CONTENTS
Liquidity and Capital Resources
We have adopted Accounting Standards Codification Topic (“ASC”) 718, which addresses the accounting for stock-based payment transactions in which an enterprise receives employee services in exchange for (a) equity instruments of the enterprise or (b) liabilities that are based on the fair value of the enterprise’s equity instruments or that may be settled by the issuance of such equity instruments. JBP has adopted Accounting Standards Codification Topic (“ASC”) 718, Share-Based Payment, which addresses the accounting for stock-based payment transactions in which an enterprise receives employee services in exchange for (a) equity instruments of the enterprise or (b) liabilities that are based on the fair value of the enterprise’s equity instruments or that may be settled by the issuance of such equity instruments.
JBP accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with ASC 505. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The Company has no sales of securities other than those previously reported and those that follow in Item 3.02 of this current report.
ITEM 2.01
ITEM 3.02
ITEM 5.03
ITEM 5.06
ITEM 7.01
ITEM 9.01
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
ITEM 1. BUSINESS
ITEM 1A. RISK FACTORS
ITEM 2. FINANCIAL INFORMATION
ITEM 3.
ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
ITEM 5.
ITEM 6. EXECUTIVE COMPENSATION
ITEM 7.
ITEM 8. LEGAL PROCEEDINGS
ITEM 9.
ITEM 10. RECENT SALES OF UNREGISTERED SECURITIES
ITEM 11. DESCRIPTION OF THE REGISTRANT’S SECURITIES
ITEM 12.
ITEM 13. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
ITEM 14.
ITEM 15. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS
ITEM 7.01 REGULATION FD DISCLOSURE