Straight from the Q. It states at the bottom that "Total Intangible Assets" are $3,733,239.
Here we sit with a Market Cap of roughly $1,200,000. This makes no sense to me. Any thoughts??
Perplexing, but I personally don't think anybody has any clue what the real value is here.
Identifiable Intangible Assets
As of March 31, 2020, the Company’s Identifiable Intangible Assets are as follows:
Intangible Assets
Identifiable Intangible Assets
Trade Name (San Diego Farmers Outlet) $193,000
Trade Name (Seaport Meat) $449,000
Wholesale Customer Relationships (San Diego Farmers Outlet) $266,000
Wholesale Customer Relationships (Seaport Meat) $2,334,239
Total Identifiable Intangible Assets $3,242,239
Goodwill
Assembled Workforce $21,000
Unidentified Intangible Value $470,000
Total Goodwill $491,000
Total Intangible Assets $3,733,239