Summary of Significant Accounting Practices: Inventories Policy (Policies)	3 Months Ended
Jun. 30, 2014
Policies
Inventories Policy	Inventories Inventories are comprised of finished goods, goods in the process of being assembled into finished goods and raw product. The inventories are stated at the lower of cost or market value using a weighted average methodology. The Company estimates the net realizable value of inventory based on when a product is close to expiration and is not expected to be sold, when a product has reached its expiration date, or when a product is not expected to be sellable. In determining the reserves for these products consideration is given to factors such as inventory on hand, remaining shelf life, anticipated demand, and expected market conditions. The reserve for obsolescence for the three months ended June 30, 2014 and the year ended December 31, 2013 was $-0-.

Summary of Significant Accounting Practices: Inventories Policy (Policies)

3 Months Ended

Jun. 30, 2014

Inventories

Inventories are comprised of finished goods, goods in the process of being assembled into finished goods and raw product. The inventories are stated at the lower of cost or market value using a weighted average methodology. The Company estimates the net realizable value of inventory based on when a product is close to expiration and is not expected to be sold, when a product has reached its expiration date, or when a product is not expected to be sellable. In determining the reserves for these products consideration is given to factors such as inventory on hand, remaining shelf life, anticipated demand, and expected market conditions.

The reserve for obsolescence for the three months ended June 30, 2014 and the year ended December 31, 2013 was $-0-.

- Definition

Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory.

+ References+ Details

Game Plan Holdings, Inc. 10-Q