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


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What is Geosolar Technologies Long-Term Capital Lease Obligation?

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

Geosolar Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Geosolar Technologies'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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Geosolar Technologies Long-Term Capital Lease Obligation Chart

Geosolar Technologies Annual Data
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Geosolar Technologies Quarterly Data
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Geosolar Technologies  (OTCPK:GSLR) 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.

Geosolar Technologies Long-Term Capital Lease Obligation Related Terms

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Geosolar Technologies (Geosolar Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Geosolar Technologies Inc (OTCPK:GSLR) » Definitions » Long-Term Capital Lease Obligation
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Address
1400 16th Street, Suite 400, Denver, CO, USA, 80202
Website
https://www.geosolarplus.com
Geosolar Technologies Inc plans to install natural energy systems, referred to as the GeoSolar Plus System in newly built and existing residences as well as green new apartments and commercial buildings. The GSP System is based on combining solar power, geothermal ground-sourced energy and other clean energy technologies into one fully integrated system. The GSP system is designed to significantly reduce energy consumption and associated carbon emissions and improve the atmospheric and indoor air quality in residences.

Geosolar Technologies (Geosolar Technologies) Headlines

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