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SUAC (ShoulderUp Technology Acquisition) Intangible Assets : $0.00 Mil (As of Sep. 2024)


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What is ShoulderUp Technology Acquisition Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. ShoulderUp Technology Acquisition's intangible assets for the quarter that ended in Sep. 2024 was $0.00 Mil.


ShoulderUp Technology Acquisition Intangible Assets Historical Data

The historical data trend for ShoulderUp Technology 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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ShoulderUp Technology Acquisition Intangible Assets Chart

ShoulderUp Technology Acquisition Annual Data
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ShoulderUp Technology Acquisition Quarterly Data
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ShoulderUp Technology 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.


ShoulderUp Technology Acquisition  (OTCPK:SUAC) 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.


ShoulderUp Technology Acquisition Intangible Assets Related Terms

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ShoulderUp Technology Acquisition Business Description

Traded in Other Exchanges
N/A
Address
125 Townpark Drive, Suite 3000, Kennesaw, GA, USA, 30144
ShoulderUp Technology Acquisition Corp is a blank check company. The company's business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Danelle Marie Barrett director 50 ENTERPRISE CENTER, KVH INDUSTRIES, INC., MIDDLETOWN RI 02842
Shawn Henry director CROWDSTRIKE HOLDINGS, INC., 150 MATHILDA PLACE, SUITE 300, SUNNYVALE CA 94086
Lauren C Anderson director C/O IMAGEWARE SYSTEMS INC., 13500 EVENING CREEK DRIVE N STE 550, SAN DIEGO CA 92128
Vincent R. Stewart director C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Stacey Y. Abrams director 125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Janice Bryant Howroyd director 125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Grace Vandecruze officer: Chief Financial Officer 125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Shoulderup Technology Sponsor, Llc 10 percent owner 125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144

ShoulderUp Technology Acquisition Headlines

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