Sonic Foundry (Sonic Foundry) Long-Term Capital Lease Obligation

: $0.65 Mil (As of Sep. 2023)

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Sonic Foundry's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.65 Mil.

Sonic Foundry's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.55 Mil) to Jun. 2023 ($0.81 Mil) but then declined from Jun. 2023 ($0.81 Mil) to Sep. 2023 ($0.65 Mil).

Sonic Foundry's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($1.61 Mil) to Sep. 2022 ($0.99 Mil) and declined from Sep. 2022 ($0.99 Mil) to Sep. 2023 ($0.65 Mil).

Sonic Foundry Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sonic Foundry'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.

Sonic Foundry Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.18

0.75

1.61

0.99

0.65

Sonic Foundry 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																0.99	0.72	0.55	0.81	0.65

Sonic Foundry (OTCPK:SOFO) 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.

Sonic Foundry Long-Term Capital Lease Obligation Related Terms

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Sonic Foundry (Sonic Foundry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sonic Foundry Inc (OTCPK:SOFO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 W. Washington Avenue, Madison, WI, USA, 53703

Website

https://www.sonicfoundry.com

Sonic Foundry Inc is engaged in the business of providing video enterprise solutions and services for the digital-first, distance learning, and corporate communications market. It offers video capture, management, and streaming solutions as well as virtual and hybrid events in education, business, and government. Sonic Foundry's family of brands includes Mediasite, Video Solutions, Vidable and Global Learning Exchange. The company also offers video solutions, including Mediasite Video Platform, Mediasite Video Cloud, Mediasite Capture Solutions, Mediasite Events, Mediasite Services, and Mediasite Customer Care. The company has a geographical presence in the United States, Europe, and the Middle East, Asia, and other places.

Executives

Brian Wiegand	director	8215 GREENWAY BLVD, SUITE 340, MIDDLETON WI 53562
Ron W Busslinger	10 percent owner	27901 VIA DEL AGUA, LAGUNA NIGUEL CA 92677
Joe Jr Mozden	director	3423 WILD PRAIRIE LN, GENEVA IL 60134
Kenneth A Minor	officer: Chief Financial Officer
Nelson A Murphy	director	2300 W INNES ST, SALISBURY NC 28144
Taha Jangda	director	3827 LINKLEA DRIVE, HOUSTON TX 77025
Lawrence William St	director	23 ASHLAND STREET, NEWBURYPORT MA 01950-1905
Kelsy L Boyd	director	2839 PLEASANT VIEW HTS, COTTAGE GROVE WI 53527
Michael Norregaard	officer: Chief Operating Officer	4891 ENCHANTED VALLEY ROAD, MIDDLETON WI 53562
Andrew D. Burish	10 percent owner	8020 EXCELSIOR DRIVE, MADISON WI 53717
David Slayton	director	701 WASHINGTON AVE N. SUITE #400, MINNEAPOLIS WI 55401
Gary Weis	director, officer: Chief Executive Officer & CTO
Kopko Frederick H Jr	director	4901 S ELLIS AVE, CHICAGO IL 60615
Mark D Burish	director	HURLEY, BURISH, MILLIKEN S.C., 301 NORTH BROOM STREET, MADISON WI 53703
David Kleinman	director