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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. AudioEye's intangible assets for the quarter that ended in Mar. 2024 was $9.72 Mil.
The historical data trend for AudioEye's Intangible Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
AudioEye Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 2.42 | 2.84 | 3.32 | 10.04 | 9.78 |
AudioEye Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 10.01 | 9.98 | 9.88 | 9.78 | 9.72 |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
AudioEye (NAS:AEYE) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of AudioEye's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
David Moradi | 10 percent owner | 379 WEST BROADWAY, NEW YORK NY 10021 |
Jamil A. Tahir | director | 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711 |
Katherine E. Fleming | director | ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138 |
Carr Bettis | director, 10 percent owner, officer: Exec Chrmn/Chrmn of the Board | 9070 S. RITA ROAD, SUITE 1450, TUCSON AZ 85747 |
Christopher Hundley | officer: President | C/O AUDIOEYE,INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUSCON AZ 85711 |
Dominic Peter Varacalli | officer: President | 930 NW 12TH AVE, UNIT 228, PORTLAND OR 97209 |
Marc Lehmann | director | 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711 |
Anthony L Coelho | director | 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711 |
Kelly Georgevich | officer: Chief Financial Officer | 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711 |
Sero Capital Llc | 10 percent owner | 1333 2ND STREET, 3RD FLOOR, SANTA MONICA CA 90401 |
Alexandre Zyngier | director | 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093 |
Lonny Sternberg | officer: Chief Operating Officer | C/O AUDIOEYE, INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711 |
Heath Thompson | officer: Chief Executive Officer | C/O AUDIOEYE, INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711 |
Sean D. Bradley | officer: President and CSO | 9070 S. RITA ROAD, SUITE 1450, TUCSON AZ 85747 |
Sachin Barot | officer: Chief Financial Officer | C/O AUDIOEYE, INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711 |
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