Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)

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What is Adamant DRI Processing and Minerals Group Long-Term Capital Lease Obligation?

Adamant DRI Processing and Minerals Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Adamant DRI Processing and Minerals Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adamant DRI Processing and Minerals Group'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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Adamant DRI Processing and Minerals Group Long-Term Capital Lease Obligation Chart

Adamant DRI Processing and Minerals Group Annual Data

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Long-Term Capital Lease Obligation

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Adamant DRI Processing and Minerals Group Quarterly Data
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Adamant DRI Processing and Minerals Group (OTCPK:ADMG) 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.

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Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adamant DRI Processing and Minerals Group (OTCPK:ADMG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 East State Street, No.202, Eagle, ID, USA, 83616

Website

https://www.adamant-dri.com

Adamant DRI Processing and Minerals Group is a shell company.

Executives

Nicholas Aaron Parks	director, 10 percent owner, officer: President, Secretary/Treasurer	5010 THORNBROOK RIDGE, COLUMBIA MO 65203
Changqing Han	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Jiazhen Liu	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Changkui Zhu	director, officer: Chief Executive Officer	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Omar Cunha	director, 10 percent owner, officer: Vice President	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Van Voorst Vader Peter	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Lawrence Burstein	director, 10 percent owner, officer: Secretary and Treasurer	C/O UNITY VENTURE CAPITAL ASSOCIATES LTD, 245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Sidney Levy	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Vincent J Mcgill	director	C/O EATON & VAN WINKLE LLP, 3 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10016
Nissen Holdings & Co Ltd.	10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Ronald C Schmeiser	director, officer: President	6015 HOWE STREET, PITTSBURGH PA 15204
Dachris Ltd.	10 percent owner	60 PORT PERRY ROAD, NORTH VERSAILLES PA 15137

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