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Drone Delivery Canada Corp V.FLT

Alternate Symbol(s):  TAKOF

Drone Delivery Canada Corp. is a Canada-based drone technology company. The Company is focused on the designing, development and implementation of its proprietary logistics software platform, using drones. The Company’s hardware/software platform is used as a managed service and software as a service business model for government and corporate organizations. It is scalable to operational capabilities 24 hours a day, 365 days a year. It provides a complete turnkey logistics solution, which includes a proprietary software system (FLYTE), hardware and professional services, allowing for an autonomous cargo delivery process from depot to depot. It is focused on servicing a range of vertical markets, including remote communities, Indigenous communities, courier services, retail, e-commerce, mining, oil and gas, healthcare and pharmaceuticals, government, military, shore-to-ship, and construction applications in Canada and potentially internationally.


TSXV:FLT - Post by User

Comment by Crankin88on Jul 07, 2021 11:33pm
115 Views
Post# 33510445

RE:RE:RE:And the next patent

RE:RE:RE:And the next patentThere’s a valuation method for intangible assets.  It will be recorded based on projected value and should be amortized over the useful life.  Publicly traded companies are required to use IFRS for accounting standards.  You should see this increase on the next set of financials.  If you want more details you could google IFRS GAAP Canada accounting for intangible assets.  Look for releases from Deloitte, PwC, EY or KPMG (the big 4 accounting firms).

another thing to keep an eye on it the launch of increased freight from Aor Canada starting in September.  The increase could mark the start of last mile delivery partnership. That’s my speculation only based on prior information from both AC and DDC.
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