OWC Pharmaceutical Research Corp (OWCP)

[bybtrader]

Just like your patent claims are wrong, your accounting claims are also flawed.

Companies do NOT place patents on their balance sheet unless they purchased it from somebody else. To go on the balance sheet, an asset has to have an objectively determinable value. It is impossible to put a value on an internally generated patent if it does not have a specific sale price. GAAP (if you know what it is) won't allow you to pick an indeterminable value for a patent and claim that as an asset.

Take Apple for example, $380b company which has thousands of patents. Their balance sheet value for intangible assets (which covers patents but so many other things such as brand value, goodwill, etc) is only 0.4% of the company value because they can only file the patents they bought as assets.