JB and ZJMY Holding Co (JBZY)

[naturalborninvestor]

The company doesn't hold any patents and that can be verified quite easily from the financial reports

Patents are recorded at cost as a capitalized long-term asset and amortized (not depreciated) over time to the income statement. So, the patent value can not be part of the current assets found on the balance sheet nor can the recorded depreciation originate from patents. The company holds no long-term assets apart from a $22k equipment value and it also reported no annual impairment tests for its alleged patents since the inception in March 2015.