Fortune Valley Treasures, Inc. Annual Amortization of Intangible Assets in USD from 2019 to 2023

Taxonomy & unit
us-gaap: USD
Description
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
Summary
Fortune Valley Treasures, Inc. quarterly/annual Amortization of Intangible Assets history and growth rate from 2019 to 2023.
  • Fortune Valley Treasures, Inc. Amortization of Intangible Assets for the quarter ending March 31, 2024 was $50.4K, a 6.95% decline year-over-year.
  • Fortune Valley Treasures, Inc. annual Amortization of Intangible Assets for 2023 was $210K, a 74% decline from 2022.
  • Fortune Valley Treasures, Inc. annual Amortization of Intangible Assets for 2022 was $807K.
  • Fortune Valley Treasures, Inc. annual Amortization of Intangible Assets for 2020 was $260K.
Amortization of Intangible Assets, Annual (USD)
Amortization of Intangible Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $210K -$597K -74% Jan 1, 2023 Dec 31, 2023 10-K 2024-04-15
2022 $807K Jan 1, 2022 Dec 31, 2022 10-K 2024-04-15
2020 $260K +$260K Jan 1, 2020 Dec 31, 2020 10-K 2021-04-26
2019 $0 Jan 1, 2019 Dec 31, 2019 10-K 2021-04-26
* An asterisk sign (*) next to the value indicates that the value is likely invalid.