"It appears the JOS became an asset purchase, which would not include the company itself. "
What makes you think that?
And while you're at it, where does this come from?
"Intangible Assets 275,000.00"
Your boy has a lot of explaining to do. I can't wait to see the footnotes to those audited financials that were supposed to appear by the end of January but now look like they are a long way off. Heck, he hasn't even made a new promise yet. Not that it matters...
“I have had a wonderful time but this wasn't it.”
..........Groucho