Tuesday, July 07, 2015 5:48:05 PM
The way that companies account for the difference they pay for an asset verses the fair value is depreciation. Their depreciation expense nor their accumulated depreciation are listed as items on the balance sheet or the income statement. It would be on the cash flow statement too, but they aren't required to file that so they don't.
I'm not sure how much of their assets listed as "property", valued at $13 million, are just empty land but land does not deprecate... so there's that.
I would be interested to know the depreciation their assets have experienced, too.
@OTCMondragon
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM