Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

There is a history about "Intangible Assets."

For many years, the company debited expense at the rate of .001 per common share issued -- that is, par value of the stock. Many of us on this board said that was wrong as it happened.

The Q2 2013 report noted that the auditor had pointed out that the value of the stock when issued should be used. Logically, this would mean restating expenses, but lemonade-meister Mr. Henthorn instead put all of these dollars on the balance sheet as 'Unidentified Tangible and Intangible Assets,' about $6.9M, and trumpeted the increase in the company's book value as a result of this 'correction.'

This account increased by about $700K alone in Q4 2013, to about $7.6M.

I will comment more about this account in a pending post on the Q1 financials, after I have completed studying them.