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DTST (Data Storage) Intangible Assets : $5.73 Mil (As of Sep. 2024)


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What is Data Storage Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Data Storage's intangible assets for the quarter that ended in Sep. 2024 was $5.73 Mil.


Data Storage Intangible Assets Historical Data

The historical data trend for Data Storage'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.

* Premium members only.

Data Storage Intangible Assets Chart

Data Storage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.67 3.47 8.82 6.21 5.94

Data Storage Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.01 5.94 5.87 5.80 5.73

Data Storage Intangible Assets Calculation

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.


Data Storage  (NAS:DTST) 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.


Data Storage Intangible Assets Related Terms

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Data Storage Business Description

Traded in Other Exchanges
N/A
Address
48 South Service Road, Suite 203, Melville, NY, USA, 11747
Data Storage Corporation engages in providing cybersecurity, compliance and cloud computing solutions. The company's segment includes Nexxis Inc; Flagship Solutions, LLC and CloudFirst Technologies Corporation and Corporate. It generates maximum revenue from the CloudFirst Technologies Corporation segment. The company's solutions include infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection.
Executives
Mark Alexander Wyllie director 980 N. FEDERAL HWY, SUITE 302, BOCA RATON FL 33432
Christos Panagiotakos officer: Chief Financial Officer 1013 PLANDOME ROAD, MANHASSET NY 11030
Wendy Schmittzeh other: Secretary C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Matthew Grover director C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Todd A. Correll director 222 LAKEVIEW AVENUE, SUITE 1600, WEST PALM BEACH FL 33401
Thomas Kempster director, 10 percent owner, officer: COO, Pres of Tech Ops & Secy C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747
Harold Schwarts director, 10 percent owner, officer: President and Treasurer C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747
Charles M. Piluso director, 10 percent owner, officer: Pres/CEO/CFO/Chairman C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Piluso Family Associates, Llc 10 percent owner 495 MANHASSET WOODS ROAD, MANHASSET NY 11030
Jan Burman director, 10 percent owner 875 MERRICK AVENUE, WESTBURY NY 11590
John F. Coghlan director, 10 percent owner 36 VASSAR PLACE, ROCKVILLE CENTRE NY 11570
Clifford Stein director 5345 PINE TREE DRIVE, MIAMI BEACH FL 33140
Joseph B. Hoffman director 9204 REDWOOD AVE, BETHESDA MD 20817
Matthew P Grosso officer: Secretary, Treasurer and, other: Vice President 19 HASTING DRIVE, STONY BROOK NY 11790
Peter W Briggs officer: Vice President 152 CROMPTON AVENUE #4, EAST GREENWICH RI 02818