Aerkomm (Aerkomm) Long-Term Capital Lease Obligation : $0.15 Mil (As of Sep. 2023)

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What is Aerkomm Long-Term Capital Lease Obligation?

Aerkomm's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil.

Aerkomm's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.02 Mil) to Jun. 2023 ($0.17 Mil) but then declined from Jun. 2023 ($0.17 Mil) to Sep. 2023 ($0.15 Mil).

Aerkomm's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.21 Mil) to Dec. 2021 ($0.06 Mil) and declined from Dec. 2021 ($0.06 Mil) to Dec. 2022 ($0.04 Mil).

Aerkomm Long-Term Capital Lease Obligation Historical Data

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

Aerkomm Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.05

0.21

0.06

0.04

Aerkomm Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.05	0.04	0.02	0.17	0.15

Aerkomm (OTCPK:AKOM) 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.

Aerkomm Long-Term Capital Lease Obligation Related Terms

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Aerkomm (Aerkomm) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aerkomm Inc (OTCPK:AKOM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AKOM:France

Address

44043 Fremont Boulevard, Fremont, CA, USA, 94538

Website

https://www.aerkomm.com

Aerkomm Inc is an us-based service provider of in-flight connectivity and entertainment (IFEC) solutions intended to provide airline passengers with a broadband in-flight experience that encompasses a wide range of service options. Its services include Wi-Fi, cellular, movies, gaming, live TV, and music. The company also focuses on providing related content management services and onboard e-commerce solutions such as Connectivity Solutions, Content Solutions, Black Box Live, AirCinema, and others.

Executives

Leroy Yau	10 percent owner	UNIT 1601, BLOCK A, VILLA ROCHA, HAPPY VALLEY K3 00000
World Praise Ltd	10 percent owner	C/O VISTRA CORPORATION SERVICES CENTER, GROUND FLOOR NFP BUILDING, BEACH ROAD, APIA Y0 00000
Richmond Akumiah	director	4 TUNISON LANE, BRIDGEWATER NJ 08807
Yuyun Tristan Kuo	officer: Chief Financial Officer	85 SOUTH BRAGG STREET, SUITE 600, ALEXANDRIA VA 22312
Well Thrive Ltd	10 percent owner	NO. 79, HENG YANG ROAD, TAIPEI F5 100
Sheng-chun Chang	10 percent owner	NO. 79, HENG YANG ROAD, TAIPEI F5 100
Jeffrey Wun	director, 10 percent owner, officer: CEO, President and Chairman	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451
Chih-ming Hsu	director	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451
James J. Busuttil	director	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451
Lim Colin	director	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451
Raymond Choy	director	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451
Jan-yuan Lin	director	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451
Dmedia Llc	10 percent owner	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451
Dmedia Holding Lp	10 percent owner	C/O AERKOMM INC., 923 INCLINE WAY #39, INCLINE VILLAGE NV 89451