Not so happy's issue 2:
But here's the issue, what are they capitalising? Is it patent costs? is it labour costs? is it the dreaded GOODWILL ? remember they capitalise as they are supposedly predicting a FUTURE REVENUE from the cost.
What are they capitalising?
No need to guess, let's look at the accounts then, they even list them for us:
Patents $89k
Development costs $663
Software $10k
Total $762
Lucky the dreaded GOODWILL is not there. Just had to read the accounts to find this out. A look at the accounting policy notes provides even more detail.
Patents not significant.
In fact total intangibles represent only 5% of total assets.
Not really worth all this time and effort and scaremongering.
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