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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Jacksam's intangible assets for the quarter that ended in Sep. 2024 was $0.00 Mil.
The historical data trend for Jacksam'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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Trend | Sep14 | Sep15 | Sep16 | Sep17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial |
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Jacksam 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 |
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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.
Jacksam (OTCPK:JKSM) 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 Jacksam's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel Lee Davis | 10 percent owner | 31 ARBOR WALK LN, RANCHO SANTA MARGARITA CA 92688 |
Theodore Winston | director | 394 HAMMOND STREET, CHESTNUT HILL MA 02467 |
Hagen Donald Robert Jr | director | 15 CORN FLOWER ST, COTO DE CAZA CA 92679 |
Scott Wessler | director | 5 BOARDWALK, NEWPORT BEACH CA 92660 |
Michael Sakala | officer: CFO & Secretary | 21662 OCEAN VISTA DR, APT C, LAGUNA BEACH CA 92651 |
Mark Adams | director, officer: CEO | 4440 VON KARMAN AVENUE, SUITE 220, NEWPORT BEACH CA 92660 |
Yanhong Deng | director | ROOM 600, N. TUANJIEHU STREET, CHAOYANG DISTRICT, BEIJING F4 100026 |
Xiangyang Liu | director | ROOM 600, N. TUANJIEHU STREET, CHAOYANG DISTRICT, BEIJING F4 100026 |
Beijing Hua Hui Hengye Investement Ltd. | 10 percent owner | PINE VALLEY CENTER, 11TH FLOOR, 8 JIANGGUO MEN OUTER STREET, BEIJING J0 100022 |
Redrock Capital Venture Ltd. | 10 percent owner | ORIENTAL PLAZA BLDG W3 12TH FL, EAST CHANG'AN AVE DONGCHENG DISTRICT, BEIJING F4 100738 |
Carla Zhou | officer: Chief Financial Officer | ORIENTAL PLAZA, 1 EAST CHANG'AN AVE,, DONGCHENGDISTRICT, BEIJING F4 100738 |
Zengjie Chen | 10 percent owner | NO. 16 ROOM 402, E MEI ROAD 366, HONGKOU DISTRICT, SHANGHAI F4 00000 |
Union Max Enterprises Ltd | 10 percent owner | 16F A BUSINESS OFFICE E. AREA OF CENTURY, GOLDEN RESOURCES HOTEL NO. 69 BANJING RD, HAIDIAN DISTRICT, BE F4 100097 |
Her Village Ltd | 10 percent owner | 8/F, CRAWFORD TOWER, 99 JERVOIS STREET SHEUNG WAN, HONG KONG K3 100738 |
Professional Offshore Opportunity Fund, Ltd. | 10 percent owner | 1400 OLD COUNTRY ROAD, SUITE 206, WESTBURY NY 11590 |
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