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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

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FormerXBC Inc > Question for the board

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Post by filoux004 on Jul 13, 2022 6:11pm

Question for the board

After today's announcement I revisited the balance sheet : intangible assets 84M and goodwill 157M. Now, I'm not an accountant but not withstanding the usual amortization could there be an additional write-offs on those items? Tx Peace

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Comment by Daudau11 on Jul 13, 2022 6:55pm

I am not an accountant but from my understanding if management believes the intangible assets/goodwill no longer reflects the current market value of those assets then yes it must write off a portion or all of it off. I hope that helps.

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