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FitLife Brands (FitLife Brands) Long-Term Capital Lease Obligation : $0.05 Mil (As of Dec. 2023)


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What is FitLife Brands Long-Term Capital Lease Obligation?

FitLife Brands's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.05 Mil.

FitLife Brands's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.09 Mil) to Sep. 2023 ($0.06 Mil) and declined from Sep. 2023 ($0.06 Mil) to Dec. 2023 ($0.05 Mil).

FitLife Brands's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.10 Mil) to Dec. 2022 ($0.05 Mil) but then increased from Dec. 2022 ($0.05 Mil) to Dec. 2023 ($0.05 Mil).


FitLife Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for FitLife Brands'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.

* Premium members only.

FitLife Brands Long-Term Capital Lease Obligation Chart

FitLife Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.16 0.10 0.05 0.05

FitLife Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.11 0.09 0.06 0.05

FitLife Brands  (NAS:FTLF) 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.

FitLife Brands Long-Term Capital Lease Obligation Related Terms

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FitLife Brands (FitLife Brands) Business Description

Traded in Other Exchanges
Address
5214 South 136th Street, Omaha, NE, USA, 68137
FitLife Brands Inc is a provider of proprietary nutritional supplements for health-conscious consumers. The company markets and sells its products under NDS, PMD, Siren labs, Core active, Metis nutrition, Isatori and Biogenetic laboratories brand names. Its product portfolio consists of sports nutrition, energy, and sports drink products, meal replacement products and weight loss products. The firm derives its revenue from product sales. Its product categories include Natural & Organic Foods, Functional Foods, Natural & Organic Personal Care and Household Products and Supplements.
Executives
Jakob York officer: CHIEF FINANCIAL OFFICER C/O FITLIFE BRANDS, INC., 5214 S. 136TH STREET, OMAHA NE 68137
Ryan Patrick John Phillip officer: Chief Retail Officer 16301 FLINT ST, OVERLAND PARK KS 66221
Todd Ordal director 15000 W. 6TH AVENUE, SUITE 202, GOLDEN CO 80401
Lewis Jaffe director 201 MERRITT 7 CORPORATE PARK, NORWALK CT 06851
Judd Dayton director 878 S. DENTON TAP RD., SUITE 220, COPPELL TX 75019
Susan Kinnaman officer: Chief Financial Officer 5214 S. 136TH STREET, OMAHA NE 68137
Seth Yakatan director 231 NORMAN AVENUE, BROOKLYN NY 11222
Stephen D. Adele director, officer: CEO, iSatori, Inc. 15000 W. 6TH AVENUE, SUITE 202, GOLDEN CO 80401
Jeffrey N. Greenblatt 10 percent owner 14 EAST 60TH STREET, SUITE 600, NEW YORK NY 10022
Grant Robert Dawson director C/O GLOWPOINT, INC., 430 MOUNTAIN AVENUE, SUITE 301, MURRAY HILL NJ 07974
Fadi M. Aramouni director 3017 JEANIE LANE, MANHATTAN KS 66502
Jason T Adelman 10 percent owner 900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Michael S Abrams officer: Chief Financial Officer 64 RAMSHEAD ROAD, RAYNHAM MA 02767
John S Wilson director, officer: CHIEF EXECUTIVE OFFICER 11011 Q STREET, BUILDING A, SUITE 106, OMAHA NE 68137
Landers Elorian Connard director

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