Icoa Inc (ICOA)

[JPS02]

Goodwill is the excess purchase price paid for a company over its fair market value. The information in your post is news to me. If the two acquisitions were completed, they are probably causing this goodwill - this needs to be confirmed.

This is why I stated in my previous post that the key assumption to the book value that I calculated is that the goodwill balance presented on the assets side of the balance sheet is accurately valued, since this asset is driving the positive equity balance.