SDEC (Smart Decision) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Smart Decision Long-Term Capital Lease Obligation?

Smart Decision's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Smart Decision Long-Term Capital Lease Obligation Historical Data

The historical data trend for Smart Decision'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.
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Smart Decision Long-Term Capital Lease Obligation Chart

Smart Decision Annual Data

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Long-Term Capital Lease Obligation

Smart Decision Semi-Annual Data

Long-Term Capital Lease Obligation

Smart Decision (OTCPK:SDEC) 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.

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Smart Decision Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Decision Inc (OTCPK:SDEC) » Definitions » Long-Term Capital Lease Obligation

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Address

1825 Corporate Boulevard North West, Suite 110, Boca Raton, FL, USA, 33431

Website

http://smartdecisioninc.com

Smart Decision Inc is engaged in the research and development of algorithms for the consumer and business LED lighting market. Through the algorithm, consumers will be able to select the right LED bulbs/fixtures by answering a handful of consumer-friendly questions.