Sulja Bros. Building Supplies, Ltd (SLJB)

[rick85284]

The amount of prepaid expenses ( soft costs) incurred for the project like architectural, planning legal etc.... the preliminary costs incurred before the land is acquired and before other soft and hard cost WIP is billed. Although they are considered tangible, they really aren't worth anything at this stage. They may even choose to just expense these costs in the income statement instead of capitalizing them on the balance sheet, in which case it won't show as an asset.