Re- Headquarters sale- (not really)
In December 2016, the Company announced that it had listed its York, Pennsylvania facility for sale due to unused capacity as a result of the Company’s focusing on its wearable injector products. Under AS C 360 Property, Plant, and Equipment , t he York facility does not yet meet the criteria to be held for sale which would require classification to current assets and be recorded at its fair value less costs to sell. The Company reviewed the facility for impairment and determined that it is not impaired. Therefore, it continues to be recorded as an asset held for use.
UNS Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held