Brief: Socket Mobile Inc - Completed Annual Goodwill Impairment Test Required By Generally Accepted Accounting Principles

Socket Mobile

17/11/2020 11:43

Nov 17 (Reuters) - Socket Mobile Inc  SCKT.O :
    * SOCKET MOBILE INC - COMPLETED ANNUAL GOODWILL IMPAIRMENT
TEST
REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
    * SOCKET MOBILE INC - NON-CASH IMPAIRMENT CHARGE TOTALED
$4.4
MILLION AND WAS RECORDED IN CO'S Q3 2020 RESULTS
    * SOCKET MOBILE - IMPAIRMENT CHARGE DOES NOT AFFECT CO'S
CASH
POSITION, CASH FLOW FROM OPERATING ACTIVITIES, BANK DEBT
COVENANTS
    * SOCKET MOBILE INC - IMPAIRMENT CHARGE DOES NOT HAVE ANY
IMPACT
ON FUTURE OPERATIONS

Source text for Eikon:  ID:nPn4JkXlDa 
Further company coverage:  SCKT.O 

 ((Reuters.Briefs@thomsonreuters.com;))