The amount of prepaid expenses ( soft costs) incurred for the project like architectural, planning legal etc.... the preliminary costs incurred before the land is acquired and before other soft and hard cost WIP is billed. Although they are considered tangible, they really aren't worth anything at this stage. They may even choose to just expense these costs in the income statement instead of capitalizing them on the balance sheet, in which case it won't show as an asset.
Spin Zero.! However, if land and bldgs on Dubai books are at their historical costs and the are transferred to Nevada company books there may exist the possibility to record the assets at either the original cost or current market value! This may be one of the surprizes Sulja brings out in the audited financials. IMO thinking outside the box!
News 
Market Data 
Discover 
AI
