RE:RE:GreetingsHi
While looking at the YE FS, I see that the company had historically spent 120 M on Nextmap USA and Next Map Europe which they have completely written down as impairment as of Dec 31 ,2013. Does any one know as to how much the company made on these two products over the years. Do you think the co has recovered all of the amt spent as revenues. Maybe someone who has been following this co for long may be able to throw some light
This from the notes to FS:
The gross amount of the data library at December 31, 2013, and December 31, 2012, was $120,330.
Asset impairment charges of $55,362 and $9,219 were recorded in 2010 and 2013, respectively. The
accumulated amortization at December 31, 2013, was $55,749 (December 31, 2012 - $51,139).
Thanks
apainter