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PowerUp Acquisition (PowerUp Acquisition) Intangible Assets : $0.00 Mil (As of Dec. 2023)


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What is PowerUp Acquisition Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. PowerUp Acquisition's intangible assets for the quarter that ended in Dec. 2023 was $0.00 Mil.


PowerUp Acquisition Intangible Assets Historical Data

The historical data trend for PowerUp Acquisition'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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PowerUp Acquisition Intangible Assets Chart

PowerUp Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Intangible Assets
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PowerUp Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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PowerUp Acquisition 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.


PowerUp Acquisition  (NAS:PWUP) 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.


PowerUp Acquisition Intangible Assets Related Terms

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PowerUp Acquisition (PowerUp Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
188 Grand Street, Unit No.195, New York, NY, USA, 10013
PowerUp Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Michael L Peterson director 17 CANARY COURT, DANVILLE CA 94526
Surendra K Ajjarapu director, 10 percent owner, officer: Chief Executive Officer 8604 BUTTON BUSH CT, TAMPA FL 33647
Howard A. Doss officer: Chief Financial Officer 17537 DARBY LANE, LUTZ FL 90067
Donald G. Fell director 17537 DARBY LANE, LUTZ FL 33558
Avinash R Wadhwani director 3 YARD COURT, FLEMINGTON NJ 08822
Mayur Mansukhlal Doshi director 147 MCKINLEY AVENUE, ALBERTSON NY 11507
Srirama Associates, Llc 10 percent owner 515 MADISON AVE., SUITE 880, NEW YORK NY 10022
Kyle Joseph Campbell director 104 MOHANAN DRIVE, FORT WALTON BEACH FL 32547
Bruce L. Hack director 6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Powerup Sponsor Llc 10 percent owner 200 BROADWAY, FLOOR 3, NEW YORK NY 10038
Julie Uhrman director 199 WATER STREET, NEW YORK NY 10038
Jack Tretton director, officer: Chief Executive Officer 199 WATER STREET, NEW YORK NY 10038
Peter Blacklow director 199 WATER STREET, NEW YORK NY 10038
Gabriel Schillinger officer: President 199 WATER STREET, NEW YORK NY 10038
Michael J Olson officer: Chief Financial Officer 199 WATER STREET, NEW YORK NY 10038