Replies to post #4721 on Kronos Advanced Technologies (KNOS)

[tedpeele]

Nice post!

[Porgie Tirebiter]

NOTE 4 - INTANGIBLES
Intangible assets consisted of the following at September 30, 2019

Developed patent technology (devalued) $10,000
Less accumulated amortization (0)
Net intangible assets $10,000

Purchased patent technology includes property that was acquired in the Kronos acquisition. The only patent in 2018 that the company has retained is the Electrostatic Air Cleaning Device, No. 08105074.0, registered in Hong Kong. Current management has assessed that the value is not more than $10,000 and the patent was written down to that amount in 2009. The earlier intangibles and patents listed on the balance sheet in 2008 and prior were given to former officers, directors and stakeholders in exchange for debt and owed compensation.

https://backend.otcmarkets.com/otcapi/company/financial-report/238691/content