Taoping (Taoping) Long-Term Capital Lease Obligation

: $0.01 Mil (As of Jun. 2023)

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Taoping's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.01 Mil.

Taoping's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($0.44 Mil) to Dec. 2022 ($0.02 Mil) and declined from Dec. 2022 ($0.02 Mil) to Jun. 2023 ($0.01 Mil).

Taoping's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.18 Mil) but then declined from Dec. 2021 ($0.18 Mil) to Dec. 2022 ($0.02 Mil).

Taoping Long-Term Capital Lease Obligation Historical Data

The historical data trend for Taoping's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Taoping Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.18

0.02

Taoping Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation																0.58	0.18	0.44	0.02	0.01

Taoping (NAS:TAOP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Taoping Long-Term Capital Lease Obligation Related Terms

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Taoping (Taoping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taoping Inc (NAS:TAOP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Everbright Bank Building, 21st Floor, Zhuzilin, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

https://www.taop.com

Taoping Inc is a provider of cloud-app technologies for smart city IoT platforms, digital advertising delivery, and other internet-based information distribution systems in China. Its operating segment includes Cloud-based Technology (CBT), Blockchain Technology (BT), and Traditional Information Technology (TIT). It generates maximum revenue from the CBT segment. CBT segment includes cloud-based products and services offered to customers in the private sector including new media, healthcare, education, and residential community management.