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

6 Months Ended

Jul. 31, 2022

Intangible Assets

Intangible Assets

Note 4. Intangible Assets

Intangible assets consist of the following:

		As of July 31, 2022
		Gross Amount				Accumulated Amortization				Net Carrying Amount
		(in thousands)
IP/Technology		$	3,641			$	-			$	3,641
Non-compete agreements			82				43				39
Total Intangibles		$	3,723			$	43			$	3,680

		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.