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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Puradyn Filter Technologies's intangible assets for the quarter that ended in Dec. 2019 was $0.00 Mil.
The historical data trend for Puradyn Filter Technologies'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.
Puradyn Filter Technologies Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial |
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Puradyn Filter Technologies Quarterly Data | ||||||||||||||||||||
Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | |
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.
Puradyn Filter Technologies (OTCPK:PFTI) 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 Puradyn Filter Technologies's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin G Kroger | director, officer: President, Chief Operating Off | 4305 CHERRY HILL E. ORCHARD LAKE MI 48323 |
Edward Vittoria | director, 10 percent owner, officer: Chief Executive Officer | C/O 2017 HIGH RIDGE ROAD BOYNTON BEACH FL 33426 |
John S Caldwell | director | 7902 SOUTH RUN VIEW, SPRINGFIELD VA 22153 |
Joseph V Vittoria | director, 10 percent owner, officer: Executive Chairman of Board | P O BOX 66100 WHQLD CHICAGO IL 60666 |
Alan J Sandler | officer: Vice President and CAO | 21621 MAGDALENA TERRACE BOCA RATON FL 33433 |
Dominick A Telesco | director | 150 VIA BELLARIA PALM BEACH FL 33480 |
Forrest Duane Hayes | other: Former director | 56 WEXFORD ON THE GREEN HILTON HEAD ISLAND SC 29928 |
Charles W Walton | director | 25800 SCIENCE PARK DRIVE, SUITE 140 BEACHWOOD OH 44122 |
Cindy Lea Gimler | officer: Chief Financial Officer | 10779 CAMBAY CIRCLE BOYNTON BEACH FL 33437 |
Kathryn Ann Morris | other: Director of Corp Communic. | 52 BAYTREE CIRCLE BOYNTON BEACH FL 33436 |
Doris W Clifton | officer: VP Sales and Marketing | 7298 WILLIAMSON RD DALLAS TX 75214 |
Richard C Ford | director, 10 percent owner | |
Glenhill Advisors Llc | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Glenn J Krevlin | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Peter H Stephaich | director | 525 WILLIAM PENN PL STE 3901 PITTSBURGH PA 15219 |
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