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INTV (Integrated Ventures) Intangible Assets : $0.80 Mil (As of Sep. 2024)


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What is Integrated Ventures Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Integrated Ventures's intangible assets for the quarter that ended in Sep. 2024 was $0.80 Mil.


Integrated Ventures Intangible Assets Historical Data

The historical data trend for Integrated Ventures'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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Integrated Ventures Intangible Assets Chart

Integrated Ventures Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Intangible Assets
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Integrated Ventures Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Integrated Ventures 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.


Integrated Ventures  (OTCPK:INTV) 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.


Integrated Ventures Intangible Assets Related Terms

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Integrated Ventures Business Description

Traded in Other Exchanges
N/A
Address
18385 Route 287, Tioga, Huntingdon Valley, PA, USA, 16946
Integrated Ventures Inc engaged in acquiring, launching and operating companies in the cryptocurrency sector. The company is focused on activities such as digital currency mining, equipment manufacturing, and sales of branded mining rigs, as well as blockchain software development. It earns its cryptocurrency mining revenues by providing transaction verification services within the digital currency networks of cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum.
Executives
Steve Rubakh director, officer: CEO 73 BUCK RD., SUITE 2, HUNTINGDON VALLEY PA 19006
Johnny Falcones director 73 BUCK ROAD, SUITE 2, HUNTINGDON VALLEY NY 19006
Daniel Grillo director 340 MADISON AVENUE, NEW YORK NY 10173