Intangible asset. Intangible asset represents computer software is stated at cost after deducted accumulated amortization. Amortization is charged to the statement of comprehensive income on a straight-line basis from the date that the computer software is available for use over the estimated useful life of the software of 5 years.
Intangible asset. Intangible asset is stated at less amortization. Amortization of intangible asset is calculated by reference to its cost on the straight - line basis over 3 year.
Intangible asset. The Company continually monitors its intangible assets to determine whether any impairment has occurred. In making such determination with respect to these assets, the Company evaluates the performance on an undiscounted cash flow basis, of the intangible assets or group of assets, which gave rise to an asset's carrying amount. Should impairment be identified, a loss would be reported to the extent that the carrying value of the related intangible asset exceeds the fair value of that intangible asset using the discounted cash flow method. The Company has not amortized intangible assets as operations have not commenced. THINKA WEIGHT-LOSS CORPORATION (Formerly Encore Ventures, Inc.) (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS JUNE 30, 2002 (Stated in U.S. Dollars)
Intangible asset. On January 31, 2002, the Company entered into an Asset Purchase Agreement to acquire all the rights to the intellectual property known as "Carb Fighter". The total cash consideration paid was $250,000. The intangible asset represents the purchase of all the license rights, title, patents, and interest to certain proprietary formulas.
Intangible asset. The term “Intangible Asset” shall mean all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds, security and other deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind.
Intangible asset. Movement of intangible asset for the years ended December 31, 2021 and 2020 is as follows:
Intangible asset. Movement of intangible asset for the years ended December 31, 2022 and 2021 are as follows: Unit : Thousand Baht Consolidated Financial Statement Separate Financial Statement Concession right of water supply Computer Software During development Software Total Computer Software During development Software Total Cost As at January 1, 2021 800,814 29,487 20,892 851,193 25,052 20,892 45,944 Purchase - 6,193 275 6,468 6,183 275 6,458 Transfer in (out) 12,717 20,892 (20,892) 12,717 20,892 (20,892) - Disposal - (1,323) - (1,323) (1,323) - (1,323) As at December 31, 2021 813,531 55,249 275 869,055 50,804 275 51,079 Purchase - 1,271 - 1,271 947 - 947 Transfer in (out) 13,148 750 (275) 13,623 750 (275) 475 Disposal - (930) - (930) (830) - (830) As at December 31, 2022 826,679 56,340 - 883,019 51,671 - 51,671 Accumulated amortization As at January 1, 2021 79,880 25,652 - 105,532 22,070 - 22,070 Amortization for the year 18,875 3,816 - 22,691 3,538 - 3,538 Transfer in (out) - - - - - - - Disposal - (1,318) - (1,318) (1,318) - (1,318) As at December 31, 2021 98,755 28,150 - 126,905 24,290 - 24,290 Amortization for the year 18,083 4,335 - 22,418 4,068 - 4,068 Transfer in (out) - 378 - 378 378 - 378 Disposal - (916) - (916) (816) - (816) As at December 31, 2022 116,838 31,947 - 148,785 27,920 - 27,920 Book value as at, December 31, 2022 709,841 24,393 - 734,234 23,751 - 23,751 December 31, 2021 714,776 27,099 275 742,150 26,514 275 26,789 Amortization for the years ended December 31, 2022 22,418 4,068 2021 22,691 3,538 The original cost of intangible asset have been fully amortized but are still in use as at December 31, 2022 and 2021, in consolidated financial statements amounted to Baht 22.24 million and Baht 22.67 million, respectively, and separate financial statements amounting to Baht 19.19 million and Baht 19.63 million, respectively.
Intangible asset. On April 23, 2004, the Company entered into a license agreement with EWT to obtain the North American intellectual property rights and know-how relating to EWT's medium capacity wind turbines, for an indefinite period of time. The license fee was EUR 1,350,000 and the license was measured at $1,601,670, the fair value at the date the licensing agreement was entered into. The asset is not amortized due to the indefinite life term of the agreement. There is no assessed impairment noted.
Intangible asset. On April 23, 2004, the Company entered into a license agreement with EWT to obtain the North American intellectual property rights and know-how relating to EWT's medium capacity wind turbines, for an indefinite period of time. The license fee was EUR 1,350,000 and the license was measured at $1,601,670, the fair value at the date the licensing agreement was entered into. The asset is not amortized due to the indefinite life term of the agreement. There is no assessed impairment noted. AWE Assets 9 months 2006 (unaudited) (period ending April 30, 2006) Current Assets Cash $ 95,167 Loan receivable 45,584 GST Receivable 18,744 Total Current Assets 159,495 Investment in Emergya Wind Technologies B.V. (note 3) 809,006 Equipment, Net (note 4) 137,711 Intangible Asset (note 5) 1,951,906 Total Assets $ 3,058,118
Intangible asset. A nonphysical, noncurrent right that gives Bluegreen or any of its subsidiaries an exclusive or preferred position in the marketplace including but not limited to a copyright, patent, trademark, goodwill, organization costs, capitalized advertising cost, computer programs, licenses for any of the preceding, government licenses (E.G., broadcasting or the right to sell liquor), leases, franchises, mailing lists, exploration permits, import and export permits, construction permits, and marketing quotas.
