Identillect Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.00 Mil.
Identillect Technologies's annual Long-Term Capital Lease Obligation
declined
from Dec. 2019 ($0.06 Mil) to Dec. 2020 ($0.00 Mil) but then
stayed the same
from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.00 Mil).
Identillect Technologies Long-Term Capital Lease Obligation Historical Data
The historical data trend for Identillect 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.
* Premium members only.
Identillect Technologies Annual Data
Trend
Jul12
Jul13
Jul14
Jul15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Long-Term Capital Lease Obligation
-
-
0.06
-
-
Identillect Technologies Quarterly Data
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Long-Term Capital Lease Obligation
-
-
-
-
-
Identillect Technologies (OTCPK:IDTLF) 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.
Identillect Technologies Long-Term Capital Lease Obligation Related Terms
Thank you for viewing the detailed overview of Identillect Technologies's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. It offers a product like Delivery trust in Outlook Plugin, Office 365, Gmail Plugin, Web Only and Electronic Signatures. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.
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