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QSND » Topics » Property and equipment:

This excerpt taken from the QSND 6-K filed Mar 31, 2008.

Property and equipment:


2007

 

Cost

Accumulated
amortization

 

Net book
value

Sound source and control equipment

$

553,715

$

545,408

$

8,307

Real time systems

 

905,534

 

903,486

 

2,048

Furniture and fixtures

 

230,853

 

214,924

 

15,929

Computer equipment

 

1,147,938

 

965,322

 

182,616

Software and production tooling

 

1,632,281

 

1,582,767

 

49,514

 

$

4,470,321

$

4,211,907

$

258,414


2006

 

Cost

Accumulated
amortization

 

Net book
value

Sound source and control equipment

$

550,664

$

536,591

$

14,073

Real time systems

 

905,534

 

902,608

 

2,926

Furniture and fixtures

 

230,853

 

211,714

 

19,139

Computer equipment

 

1,132,745

 

891,337

 

241,408

Software and production tooling

 

1,632,281

 

1,561,547

 

70,734

 

$

4,452,077

$

4,103,797

$

348,280


In accordance with the Company’s accounting policy, an analysis of property and equipment was completed in 2006 on the telephony assets, as changes in this market indicated that the carrying amount may not be recoverable. Included in accumulated amortization above are asset impairment charges of $167,809 (2005: $89,754) relating to software and production tooling. During 2007 there were no events or changes in circumstances that indicated that the carrying value of the remaining assets would not be recoverable.



This excerpt taken from the QSND 20-F filed Mar 28, 2008.

Property and equipment:


2007

 

Cost

Accumulated
amortization

 

Net book
value

Sound source and control equipment

$

553,715

$

545,408

$

8,307

Real time systems

 

905,534

 

903,486

 

2,048

Furniture and fixtures

 

230,853

 

214,924

 

15,929

Computer equipment

 

1,147,938

 

965,322

 

182,616

Software and production tooling

 

1,632,281

 

1,582,767

 

49,514

 

$

4,470,321

$

4,211,907

$

258,414


2006

 

Cost

Accumulated
amortization

 

Net book
value

Sound source and control equipment

$

550,664

$

536,591

$

14,073

Real time systems

 

905,534

 

902,608

 

2,926

Furniture and fixtures

 

230,853

 

211,714

 

19,139

Computer equipment

 

1,132,745

 

891,337

 

241,408

Software and production tooling

 

1,632,281

 

1,561,547

 

70,734

 

$

4,452,077

$

4,103,797

$

348,280


In accordance with the Company’s accounting policy, an analysis of property and equipment was completed in 2006 on the telephony assets, as changes in this market indicated that the carrying amount may not be recoverable. Included in accumulated amortization above are asset impairment charges of $167,809 (2005: $89,754) relating to software and production tooling. During 2007 there were no events or changes in circumstances that indicated that the carrying value of the remaining assets would not be recoverable.



This excerpt taken from the QSND 6-K filed Mar 23, 2007.

Property and equipment:


2006

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

550,664

$

536,591

$

14,073

Real time systems

 

905,534

 

902,608

 

2,926

Furniture and fixtures

 

230,853

 

211,714

 

19,139

Computer equipment

 

1,132,745

 

891,337

 

241,408

Software and production tooling

 

1,632,281

 

1,561,547

 

70,734

 

$

4,452,077

$

4,103,797

$

348,280


2005

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

545,463

$

529,346

$

16,117

Real time systems

 

905,534

 

901,354

 

4,180

Furniture and fixtures

 

230,668

 

207,750

 

22,918

Computer equipment

 

1,095,705

 

809,061

 

286,644

Software and production tooling

 

1,632,281

 

1,291,505

 

340,776

 

$

4,409,651

$

3,739,016

$

670,635


In accordance with the Company’s accounting policy, an analysis of property and equipment was completed in 2006 on the telephony assets, as changes in this market indicated that the carrying amount may not be recoverable. Included in accumulated amortization above are asset impairment charges of $167,809 (2005: $88,392) relating to software and production tooling and of $nil (2005: $1,362) relating to computer equipment.



   

 QSound Labs Inc.
2006 Annual Report

11

 



This excerpt taken from the QSND 20-F filed Mar 23, 2007.

Property and equipment:


2006

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

550,664

$

536,591

$

14,073

Real time systems

 

905,534

 

902,608

 

2,926

Furniture and fixtures

 

230,853

 

211,714

 

19,139

Computer equipment

 

1,132,745

 

891,337

 

241,408

Software and production tooling

 

1,632,281

 

1,561,547

 

70,734

 

$

4,452,077

$

4,103,797

$

348,280


2005

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

545,463

$

529,346

$

16,117

Real time systems

 

905,534

 

901,354

 

4,180

Furniture and fixtures

 

230,668

 

207,750

 

22,918

Computer equipment

 

1,095,705

 

809,061

 

286,644

Software and production tooling

 

1,632,281

 

1,291,505

 

340,776

 

$

4,409,651

$

3,739,016

$

670,635


In accordance with the Company’s accounting policy, an analysis of property and equipment was completed in 2006 on the telephony assets, as changes in this market indicated that the carrying amount may not be recoverable. Included in accumulated amortization above are asset impairment charges of $167,809 (2005: $88,392) relating to software and production tooling and of $nil (2005: $1,362) relating to computer equipment


This excerpt taken from the QSND 6-K filed Nov 13, 2006.

Property and equipment:


September 30, 2006

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

550,664

$

536,508

$

14,156

Real time systems

 

905,534

 

902,294

 

3,240

Furniture and fixtures

 

230,668

 

216,553

 

14,115

Computer equipment

 

1,116,586

 

869,039

 

247,547

Software and production tooling

 

1,632,281

 

1,488,208

 

144,073

 

 

 

 

 

 

 

 

$

4,435,733

$

4,012,602

$

423,131



This excerpt taken from the QSND 6-K filed Aug 14, 2006.

Property and equipment:


June 30, 2006

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

550,664

$

534,121

$

16,543

Real time systems

 

905,534

 

901,981

 

3,553

Furniture and fixtures

 

230,668

 

213,619

 

17,049

Computer equipment

 

1,114,515

 

849,046

 

265,469

Software and production tooling

 

1,632,281

 

1,422,640

 

209,641

       
 

$

4,433,662

$

3,921,407

$

512,255


This excerpt taken from the QSND 6-K filed May 4, 2006.

Property and equipment:


March 31, 2006

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

545,463

$

530,581

$

14,882

Real time systems

 

905,534

 

901,668

 

3,866

Furniture and fixtures

 

230,668

 

210,685

 

19,983

Computer equipment

 

1,105,126

 

830,206

 

274,920

Software and production tooling

 

2,011,463

 

1,736,254

 

275,209

       
 

$

4,798,254

$

4,209,394

$

588,860








This excerpt taken from the QSND 6-K filed Apr 7, 2006.

Property and equipment:


2005

  

Cost

Accumulated amortization

  

Net book value

Sound source and control equipment

$

545,463 

$

529,346 

$

16,117 

Real time systems

  

905,534 

  

901,354 

  

4,180 

Furniture and fixtures

  

230,668 

  

207,750 

  

22,918 

Computer equipment

  

1,095,705 

  

809,061 

  

286,644 

Software and production tooling

  

1,632,281 

  

1,291,505 

  

340,776 
             
 

$

4,409,651 

$

3,739,016 

$

670,635 


Included in the accumulated amortization above for computer equipment is a 2005 year asset impairment charge of $1,362.  Included in the accumulated amortization above for software and production tooling is a 2005 year asset impairment charge of $88,392.  


2004

  

Cost

Accumulated amortization

  

Net book value

Sound source and control equipment

$

545,463 

$

523,174 

$

22,289 

Real time systems

  

905,534 

  

899,563 

  

5,971 

Furniture and fixtures

  

228,654 

  

203,298 

  

25,356 

Computer equipment

  

997,224 

  

728,490 

  

268,734 

Software and production tooling

  

1,543,888 

  

1,057,067 

  

486,821 
             
 

$

4,220,763 

$

3,411,592 

$

809,171 


This excerpt taken from the QSND 20-F filed Apr 3, 2006.

Property and equipment:


2005

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

545,463 

$

529,346 

$

16,117 

Real time systems

 

905,534 

 

901,354 

 

4,180 

Furniture and fixtures

 

230,668 

 

207,750 

 

22,918 

Computer equipment

 

1,095,705 

 

809,061 

 

286,644 

Software and production tooling

 

1,632,281 

 

1,291,505 

 

340,776 

       
 

$

4,409,651 

$

3,739,016 

$

670,635 


Included in the accumulated amortization above for computer equipment is a 2005 year asset impairment charge of $1,362.  Included in the accumulated amortization above for software and production tooling is a 2005 year asset impairment charge of $88,392.  


2004

 

Cost

Accumulated amortization

 

Net book value

Sound source and control equipment

$

545,463 

$

523,174 

$

22,289 

Real time systems

 

905,534 

 

899,563 

 

5,971 

Furniture and fixtures

 

228,654 

 

203,298 

 

25,356 

Computer equipment

 

997,224 

 

728,490 

 

268,734 

Software and production tooling

 

1,543,888 

 

1,057,067 

 

486,821 

       
 

$

4,220,763 

$

3,411,592 

$

809,171 


EXCERPTS ON THIS PAGE:

6-K
Mar 31, 2008
20-F
Mar 28, 2008
6-K
Mar 23, 2007
20-F
Mar 23, 2007
6-K
Nov 13, 2006
6-K
Aug 14, 2006
6-K
May 4, 2006
6-K
Apr 7, 2006
20-F
Apr 3, 2006

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