Net tangible asset -$8m?

Time to start a new thread to just discuss facts.
Half year report indicated current equity of JAT is
$16.5m, total liabilities $34.2m, however, intangible asset valued at $25.3 millions, ie total equality is much less its intangible asset, the difference is -$9m!

So it concludes current net tangible asset of this company is -$8.8m, first quarter now nearly gone, if the business still run at loss, this figure will go lower further.

Remind traders should keep eyes on how these intangible asset valued, and the company should provide updates to its net tangible asset backing.