Electric Last Mile Solutions (Electric Last Mile Solutions) Intangible Assets : $5.38 Mil (As of Sep. 2021)

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What is Electric Last Mile Solutions Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Electric Last Mile Solutions's intangible assets for the quarter that ended in Sep. 2021 was $5.38 Mil.

Electric Last Mile Solutions Intangible Assets Historical Data

The historical data trend for Electric Last Mile Solutions'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.

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Electric Last Mile Solutions Intangible Assets Chart

Electric Last Mile Solutions Annual Data

Trend

Intangible Assets

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Intangible Assets	6.14	5.38

Electric Last Mile Solutions 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.

Electric Last Mile Solutions (OTCPK:ELMSQ) 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.

Electric Last Mile Solutions Intangible Assets Related Terms

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Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » Intangible Assets

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Traded in Other Exchanges

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Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445