Asset Entities (Asset Entities) Other Current Assets : $0.15 Mil (As of Mar. 2024)

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What is Asset Entities Other Current Assets?

Asset Entities's other current assets for the quarter that ended in Mar. 2024 was $0.15 Mil.

Asset Entities's quarterly other current assets declined from Sep. 2023 ($0.12 Mil) to Dec. 2023 ($0.04 Mil) but then increased from Dec. 2023 ($0.04 Mil) to Mar. 2024 ($0.15Mil).

Asset Entities's annual other current assets increased from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($0.24 Mil) declined from Dec. 2022 ($0.24 Mil) to Dec. 2023 ($0.04 Mil).

Asset Entities Other Current Assets Historical Data

The historical data trend for Asset Entities's Other Current 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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Asset Entities Other Current Assets Chart

Asset Entities Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Other Current Assets

0.03

0.24

0.04

Asset Entities Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Other Current Assets	Get a 7-Day Free Trial							0.09	0.07	0.12	0.04	0.15

Asset Entities Other Current Assets Calculation

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:

Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:

Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.

At most companies, other current assets are a small and unimportant part of the total balance sheet.

Asset Entities Other Current Assets Related Terms

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Asset Entities (Asset Entities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Asset Entities Inc (NAS:ASST) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Crescent Court, 7th Floor, Dallas, TX, USA, 75201

Website

https://assetentities.com

Asset Entities Inc is a technology company providing social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It also designs, develops, and manages servers for communities on Discord. Its services consist of Discord investment education and entertainment, social media and marketing, and AE.360.DDM services are based on the effective use of Discord as well as other social media including TikTok, Twitter, Instagram, and YouTube.

Executives

Michael Gaubert	director, 10 percent owner, officer: Executive Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
James Sheldon Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Kavous Sarkhani	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Elham Nejad	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Jennifer Joan Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Richard Alfred Burton	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Scott Kelley Mcdonald	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kd Holdings Group, Llc	10 percent owner	4313 OAK KNOLL DRIVE, PLANO TX 75093
Asset Entities Holdings, Llc	10 percent owner	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Richard Benavides	10 percent owner	5934 WALNUT HILL ROAD, DALLAS TX 75230
Arshia Sarkhani	director, 10 percent owner, officer: CEO and President	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Matthew Krueger	10 percent owner, officer: CFO, Treasurer and Secretary	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kyle Fairbanks	director, 10 percent owner, officer: Executive Vice-Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Arman Sarkhani	10 percent owner, officer: Chief Operating Officer	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Jack John A Ii	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201