how does this work? Should the balance sheet not have already shown the value for the ip assets? Any explanations? I thought ip assets we're checked for impairment value each year during audit by CPA. If this valuation is correct the company should have a market cap of at least 65 million. Somebody give this CPA an explanation of this accounting.
IP assets internally developed do not require a value under accounting standards. I should have known this. if this JV isn't a scam and their is a true independent evaluation of thiese IP assets, this company is significantly undervalued.