Lunai Bioworks Inc. Goodwill & Intangibles Disclosure
Goodwill - Goodwill is not amortized but is evaluated for impairment annually as of June 30 or whenever events or changes in circumstances indicate the carrying value of the reporting unit may be less than the fair value of the reporting unit.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2023 | Oct 2, 2023 | Showing above |
| 2022 | Feb 27, 2023 | |
| 2021 | Sep 24, 2021 | |
| 2020 | Sep 23, 2020 | |
| 2019 | Sep 30, 2019 | |
| 2018 | Oct 1, 2018 | |
| 2017 | Sep 29, 2017 | |
| 2016 | Sep 28, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.