Delcath Systems Inc (DCTH)

[idowonder]

Part of "Quote"

Wonder where this is and what it is, what it is worth and whose name is on it.

DCTH Has Sold Some Of The Little IP It Has.

Further into the 10K, Delcath Systems made it clear that while they have little intellectual property, what they do have is up for sale. Strangely enough, it recently sold some of this IP to Delcath Holdings Limited. Considering the name of the purchaser, something smells fishy!

“On January 1, 2012, Delcath Systems, Inc. sold a portion of its intellectual property to Delcath Holdings Limited resulting in a taxable gain of $15.8 million in the U.S. based on the fair market value of the intangible that was transferred. The arms-length price, which was determined in accordance with Section 482, is a significant accounting estimate. The gain is deferred under U.S. GAAP principles until the asset is sold outside of the consolidated financial statements. The remaining deferred gain on the intercompany sale of intangible assets is $4.4 million and $6.7 million as of December 31, 2016 and December 31, 2015, respectively.”