I'll be the first to admit that I'm new to this, and only really...

I'll be the first to admit that I'm new to this, and only really dabbling relative to other hodlers position. I'm learning as I'm doing, so to speak.

Having said that, would I be right in assuming that the screenshot you've shared is the cost for the IP to the company, which is the only way to financially value an asset for balance sheet purposes, and because it's been ammortised, it's written down in the same way an asset is? An assets written down value or book value is its cost minus an ascribed ammortisation. That asset, however can be worth a lot more than it's cost minus ammortisation