Everything Blockchain, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Apr. 30, 2022

Intangible Assets

Intangible Assets

Note 4. Intangible Assets

Intangible assets consist of the following:

		As of April 30, 2022
		Gross Amount				Accumulated Amortization				Net Carrying Amount
		(in thousands)
IP/Technology		$	3,369			$	-			$	3,369
Non-compete agreements			82				33				49
Total Intangibles		$	3,451				33			$	3,418

		As of January 31, 2022
		Gross Amount				Accumulated Amortization				Net Carrying Amount
		(in thousands)
IP/Technology		$	3,060			$	-			$	3,060
Non-compete agreements			82				23				59
Total Intangibles		$	3,142				23			$	3,119

The Company’s IP/Technology is still being developed so no amortization has been recorded. The non-compete agreements are amortized over two years.