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Patriot Gold (Patriot Gold) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Patriot Gold Long-Term Capital Lease Obligation?

Patriot Gold's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


Patriot Gold Long-Term Capital Lease Obligation Historical Data

The historical data trend for Patriot Gold'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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Patriot Gold Long-Term Capital Lease Obligation Chart

Patriot Gold Annual Data
Trend May14 May15 May16 May17 May18 May19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Patriot Gold Quarterly Data
May18 Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Patriot Gold  (OTCPK:PGOL) 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.

Patriot Gold Long-Term Capital Lease Obligation Related Terms

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Patriot Gold (Patriot Gold) Business Description

Traded in Other Exchanges
Address
401 Ryland Street, Suite 180, Reno, NV, USA, 89502
Patriot Gold Corp is a natural resource exploration and mining company, engaged in acquiring, exploring, and developing natural resource properties in Nevada. The company principally focuses on the gold sector. The group's portfolio consists of a number of projects, including the Moss Mine Royalty, the Vernal Gold Project, the Windy Peak Gold Project, and the Rainbow Mountain Gold Project.
Executives
Ron Daems 10 percent owner 3651 LINDELL ROAD, SUITE D165, LAS VEGAS NV 89103
Robert Coale director PO BOX 1391, SOLANA BEACH CA 92075
Zachary Jerome Black director 4190 SUNSTONE DRIVE, BOZEMAN MT 59718
Trevor B Newton director, 10 percent owner 3651 LINDELL ROAD, SUITE D165, LAS VEGAS NV 89103
Robert C. Kopple 10 percent owner 10866 WILSHIRE BLVD., SUITE 1500, LOS ANGELES CA 90024
Herb Duerr director, officer: Pres. CEO Sec. Treas. 12790 ROSEVIEW LANE, RENO NV 89511
Jared Beebe director 18 RUE LEGAULT, ILE-BIZARD A8 H9E 1E9
Ronald Blomkamp 10 percent owner
Duncan Budge director 4556 MARINEVIEW CRESCENT, NORTH VANCOUVER A1 V7R 3P2
Robert Sibthorpe director 3851 MARGUERLTE STREET, VANCOUVER, BRITISH COLUMBIA V6J A1 0000
Bruce Johnstone director, 10 percent owner, officer: CEO, President, Secretary 102 DONAGHY AVENUE, NORTH VANCOUVER BC A1 00000