Rekor Systems (Rekor Systems) Long-Term Capital Lease Obligation : $14.50 Mil (As of Dec. 2023)

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What is Rekor Systems Long-Term Capital Lease Obligation?

Rekor Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.50 Mil.

Rekor Systems's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($14.16 Mil) to Sep. 2023 ($14.48 Mil) and increased from Sep. 2023 ($14.48 Mil) to Dec. 2023 ($14.50 Mil).

Rekor Systems's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($10.03 Mil) to Dec. 2022 ($14.24 Mil) and increased from Dec. 2022 ($14.24 Mil) to Dec. 2023 ($14.50 Mil).

Rekor Systems Long-Term Capital Lease Obligation Historical Data

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

Rekor Systems Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.16

0.19

10.03

14.24

14.50

Rekor Systems 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															14.24	13.87	14.16	14.48	14.50

Rekor Systems (NAS:REKR) 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.

Rekor Systems Long-Term Capital Lease Obligation Related Terms

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Rekor Systems (Rekor Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rekor Systems Inc (NAS:REKR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

38E:Germany

Address

6721 Columbia Gateway Drive, Suite 400, Columbia, MD, USA, 21046

Website

https://www.rekor.ai

Rekor Systems Inc is a United States-based company. It is engaged in providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data. The firm uses artificial intelligence to analyze video streams and transform them into AI-driven decisions. Its machine learning software can turn most IP cameras into accurate vehicle recognition devices used to help protect lives, increase brand loyalty, and enhance operations and logistics. Its geographical segments are the United States, Canada, and Others, of which the majority of its revenue comes from the United States.

Executives

Timothy J Davenport	director	C/O REKOR SYSTEMS, INC., 6721 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046
Sanjay E Sarma	director	C/O REKOR SYSTEMS, INC., 6721 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046
Robert Alan Berman	director, 10 percent owner, officer: Chief Executive Officer	C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
Arctis Global Llc	10 percent owner	AM TOWERS, 207 CALLE DEL PARQUE, 7TH FLOOR, SAN JUAN PR 00912-3242
Debra Shakerdge-hennessy	officer: Chief People Officer	C/O REKOR SYSTEMS, INC., 6721 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046
David Philip Desharnais	officer: President	C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046
Eyal Hen	officer: CFO	REKOR SYSTEMS, INC., 14420 ALBERMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
Glenn S Goord	director	NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
Matthew Anthony Hill	officer: Chief Science Officer	324 ANNISON DRIVE, COMMERCE TOWNSHIP MI 48382
Rodney Hillman	officer: COO	3201 GLOUCHESTER DRIVE, FALLSTON MD 21047
Christopher Kadoch	officer: Chief Technology Officer	C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046
Noam Shai Maital	officer: CEO, Waycare Technologies Ltd.	13535 VENTURA BLVD, SUITE C 410, SHERMAN OAKS CA 91423
Michael David Dunbar	officer: Chief Revenue Officer	C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282