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Friendable (Friendable) Property, Plant and Equipment : $0.00 Mil (As of Sep. 2022)


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What is Friendable Property, Plant and Equipment?


Friendable Property, Plant and Equipment Historical Data

The historical data trend for Friendable's Property, Plant and Equipment 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.

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Friendable Property, Plant and Equipment Chart

Friendable Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Property, Plant and Equipment
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Friendable Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Friendable Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Friendable  (OTCPK:FDBL) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Friendable Property, Plant and Equipment Related Terms

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Friendable (Friendable) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1821 S Bascom Avenue, Suite 353, Campbell, CA, USA, 95008
Friendable Inc is a mobile-focused technology and marketing company, that connects and engages with its users. The company's products and services include The Fan Pass Live music which is a subscription-based app and the online subscription-based Artist Republik suite of artist-centric services that include music distribution for artists, while fans can enjoy access to a variety of artist channels across different genres, exclusive live events, behind-the-scenes content, artist merchandising. The FeaturedX business segment provides a place where artists can book a guest feature, co-write, composition or live instrumental tracking for artists releasing their next single or looking to extend reach and exposure by tapping into these available resources for music production and collaboration.
Executives
Rositano Robert A Jr director, officer: CEO & Secretary 1696 DELL AVENUE, CAMPBELL CA 95008
Dean Rositano director, officer: President & CTO 1696 DELL AVENUE, CAMPBELL CA 95008
Copper Creek Holdings, Llc 10 percent owner 3846 MOANNA WAY, SANTA CRUZ CA 95062
Stacy L. Rositano 10 percent owner 3846 MOANNA WAY, SANTA CRUZ CA 95062
Andrew A Brodkey director, officer: President and CEO 4960 N. CAMINO ANTONIO, TUSCON AZ 85718
Frank Garcia officer: CFO 3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Ronald Richman director 3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Jodi Henderson officer: Corporate Secretary 7033 EAST CALLE BETELGEUX, TUCSON AZ 85710
David Hackman officer: VP of Exploration 3040 NORTH CAMPBELL AVE., SUITE 110, TUCSON AZ 85719
David Ohad director, 10 percent owner, officer: PRESIDENT HANCHALA 2, #5023, PARDES HANNA - KARKU L3 37000

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