InvestorsHub Logo
Followers 39
Posts 6165
Boards Moderated 0
Alias Born 04/03/2007

Re: traderbbc1 post# 81562

Wednesday, 04/17/2024 4:59:37 AM

Wednesday, April 17, 2024 4:59:37 AM

Post# of 81569
Before they can 'sell' the ticker, they have to shell-ify Capstone

They're close on the Assets side: they wrote off the remaining value of the smart mirrors. They'll have to book a one time gain when they sell the inventory to a liquidator; watch eBay if you want a mirror.

The $43K they spent on molds for the smart cutting board will have to be written off; they still carry that on the books as of 12/31/2023.

The remaining asset would be the Goodwill, an intangible.

On the liabilities side, they have over $3 million as of 12/31/2023. They'll need to use bankruptcy to settle this debt.