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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. American Bio Medica's intangible assets for the quarter that ended in Mar. 2023 was $0.00 Mil.
The historical data trend for American Bio Medica'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.
American Bio Medica Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 0.12 | 0.12 | 0.11 | - | - |
American Bio Medica Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
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.
American Bio Medica (OTCPK:ABMC) 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 American Bio Medica's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Stuart Steinberg | 10 percent owner | 85 BELLEVUE AVENUE, RYE NY 10580 |
John J Moroney | 10 percent owner | 118 PEGASUS DR., JUPITER FL 33477 |
Chaim Davis | director | 2601 PINE TREE DRIVE, MIAMI BEACH FL 33140 |
Peter Jerome | director | 7 RIDGECREST AVE, LATHAM NY 12110 |
Diane Generous | director | 122 SMITH ROAD, KINDERHOOK NY 12106 |
Melissa A Waterhouse | officer: EVP, CCO, CORP SEC | AMERICAN BIO MEDICA CORPORATION, 122 SMITH ROAD, KINDERHOOK NY 12106 |
Mp Biomedicals Llc | 10 percent owner | 3 HUTTON CENTRE DRIVE, SUITE 100, SANTA ANA CA 92707 |
Douglas Casterlin | officer: Executive Vice President | C/O MELISSA A. WATERHOUSE/ABMC, 122 SMITH ROAD, KINDERHOOK NY 12106 |
Jean Neff | director | C/O ABMC, 122 SMITH ROAD, KINDERHOOK NY 12106 |
Stefan Parker | officer: Chief Financial Officer | 122 SMITH ROAD, KINDERHOOK NY 12106 |
Carl A Florio | director | C/O HUDSON RIVER BANK & TRUST CO, PO BOX 76, HUDSON NY 12534 |
Stan Cipkowski | director | 300 S LAKE DR, STE 340, FISHKILL NY 12553 |
Anthony G Costantino | director | 122 SMITH ROAD, KINDERHOOK NY 12106 |
Edmund M Jaskiewicz | director, officer: President | |
Richard Koskey | director | C/O ABMC 122 SMITH ROAD, 122 SMITH ROAD, KINDERHOOK NY 12106 |
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