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Code Rebel (Code Rebel) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2015)


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What is Code Rebel Long-Term Capital Lease Obligation?

Code Rebel's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2015 was $0.00 Mil.


Code Rebel Long-Term Capital Lease Obligation Historical Data

The historical data trend for Code Rebel'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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Code Rebel Long-Term Capital Lease Obligation Chart

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Code Rebel Quarterly Data
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Code Rebel  (OTCPK:CDRBQ) 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.

Code Rebel Long-Term Capital Lease Obligation Related Terms

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Code Rebel (Code Rebel) Business Description

Industry
Traded in Other Exchanges
N/A
Address
77 Ho’okele Street, Suite 102, Kahului, HI, USA, 96732
Code Rebel Corp is a software and information technology (IT) services company. It is engaged in the development, marketing, and license of terminal services solutions. The business activity of the group is functioned through software and IT service segments. The software segment provides end-user applications through its product line. The IT Services segment provides management and consulting services. Its product, interactive remote application terminal services (iRAPP), allow users of computers to simultaneously access programs on their PCs and Macs through a single device using a single monitor, mouse, and keyboard. The activities are basically carried out through the region of United States.

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