Good Gaming (Good Gaming) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Good Gaming Long-Term Capital Lease Obligation?

Good Gaming's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Good Gaming Long-Term Capital Lease Obligation Historical Data

The historical data trend for Good Gaming'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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Good Gaming Long-Term Capital Lease Obligation Chart

Good Gaming Annual Data

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Long-Term Capital Lease Obligation

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Good Gaming Quarterly Data
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Good Gaming (OTCPK:GMER) 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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Good Gaming (Good Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Good Gaming Inc (OTCPK:GMER) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

415 McFarlan Road, Suite 108, Kennett Square, PA, USA, 19348

Website

https://www.good-gaming.com

Good Gaming Inc operates in the gaming industry across multiple segments. The company focuses on hosting multiple games online that subscribers can play for free or for fees depending on player level. It also offers social networking functionality, which helps gamers to interact, track each other and communicate.

Executives

Jordan Axt	director	2130 N. LINCOLN PARK WEST, CHICAGO IL 60614
Tassos D. Recachinas	director, 10 percent owner, officer: President	130 BROOKFIELD AVE., FAIRFIELD CT 06825
Hillwinds Ocean Energy, Llc	10 percent owner, other: Control Person (Entity)	501 KINGS HIGHWAY EAST, SUITE 108, FAIRFIELD CT 06825
Mark S Simon	director, officer: President/CEO/CFO	345 S END AVENUE #7P, NEW YORK NY 10280