VERSES AI (VERSES AI) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is VERSES AI Long-Term Capital Lease Obligation?

VERSES AI's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

VERSES AI's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Mar. 2022 ($0.11 Mil) but then declined from Mar. 2022 ($0.11 Mil) to Mar. 2023 ($0.00 Mil).

VERSES AI Long-Term Capital Lease Obligation Historical Data

The historical data trend for VERSES AI'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.

VERSES AI Long-Term Capital Lease Obligation Chart

VERSES AI Annual Data

Trend

Mar22

Mar23

Long-Term Capital Lease Obligation

0.11

VERSES AI Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.01	-	-	-	-

VERSES AI (OTCPK:VRSSF) 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.

VERSES AI Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of VERSES AI's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

VERSES AI (VERSES AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VERSES AI Inc (OTCPK:VRSSF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

J9A:Germany VERS:Canada

Address

205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9

Website

https://www.verses.ai

VERSES AI Inc is a cognitive computing company specializing in next-generation AI and developer of KOSM, the world's first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows.