Carnegie Development Inc. (CDJM)

[Meyerlane621]

Value of the comapany is based on what the family thinks their dad's patent is worth.

Intangible Asset:

In accounting, any asset that cannot be seen or touched. Intangible assets include things like patents and brand recognition, which add value to a company, but are difficult to price. Intangible assets explicitly do not include actual things, such as widgets, a widget factory, or the land upon which the widget factory is built. Because of the difficulty in pricing, intangible assets are sometimes not included in a company's valuation.