Liquidmetal Technologies Inc (LQMT)

[chipboarder]

The assets are still sitting there and were valued at the initial equipment cost plus the transportation, installation and all the LQMT hours associated with the installation/start-up. The new value on the books is a zero cost basis which does reflect a decrease in the (inflated) book value of the asset. Some of that value was non tangible (labor etc) and some is tangible (machines). Obviously, we can only sell that which is tangible.