"Based on estimated future cashflows to be generated from the use of the patents, the recoverable amount was estimated at $1,781,824 and an impairment loss of $1,000,000 (2007: NIL) recognized. The estimated future cash inflows are based on signed distributor agreements in the US, Australia and Russia. The agreements specify minimum quantities and selling price. Cash inflows also include estimated future sales from China, Mexico and Europe. For some of these countries there are not signed distributor agreements but management believe the estimated sales will be obtained." (Last years final report)
Hi Sisyphus it was worth 1.7M that is with all the above deals presumed. Now....... it is worth well you guess as I have sold.
SBN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held