Can B Corp (CANB)

[waltczyk]

10 q - page 11

The following pro forma information summarizes the results of operations for the periods indicated as if the acquisition occurred at December 31, 2017. The pro forma information is not necessarily indicative of the results that would have been reported

lol - I pointed this out long ago but thought I would post for giggles

and than you wonder why revenue is a joke - look at the table at the end of the page and read the paragraph once again

got to love that goodwill lmao

(h) Goodwill and Intangible Assets with Indefinite Lives

The Company does not amortize goodwill and intangible assets with indefinite useful lives, but instead tests for impairment at least annually. When conducting the annual impairment test for goodwill, the Company compares the estimated fair value of a reporting unit containing goodwill to its carrying value. If the estimated fair value of the reporting unit is determined to be less than its carrying value, goodwill is reduced, and an impairment loss is recorded.


I truly hope that many of you understand what that is really saying!!!


see you below .01