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PCS Edventures!.com (PCS Edventures!.com) Long-Term Capital Lease Obligation : $0.22 Mil (As of Dec. 2023)


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What is PCS Edventures!.com Long-Term Capital Lease Obligation?

PCS Edventures!.com's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.22 Mil.

PCS Edventures!.com's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2016 ($0.00 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.22 Mil).

PCS Edventures!.com Long-Term Capital Lease Obligation Historical Data

The historical data trend for PCS Edventures!.com'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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PCS Edventures!.com Long-Term Capital Lease Obligation Chart

PCS Edventures!.com Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Long-Term Capital Lease Obligation
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PCS Edventures!.com Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Dec22 Dec23
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PCS Edventures!.com  (OTCPK:PCSV) 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.

PCS Edventures!.com Long-Term Capital Lease Obligation Related Terms

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PCS Edventures!.com (PCS Edventures!.com) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » PCS Edventures!.com Inc (OTCPK:PCSV) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
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Traded in Other Exchanges
N/A
Address
11915 W. Executive Drive, Suite 101, Boise, ID, USA, 83713
Website
https://www.edventures.com
PCS Edventures!.com Inc develops and markets educational programs. It specializes in experiential, hands-on, K12 education and drone technology. The company's key products include science, technology, engineering, and math products, EdventuresLab products and services, and Thrust UAV. It serves an afterschool market, elementary classrooms, technical education, parents and home educators. The company also has a presence in Australia, India, Egypt, Saudi Arabia, Pakistan, and Mexico.
Executives
Paula Lupriore director 200 FLYNN ROAD, CAMARILLO CA 93012
Britt E Ide director 345 BOBWHITE COURT, SUITE 200, BOISE ID 83706