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Axion Power International (Axion Power International) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2016)


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What is Axion Power International Long-Term Capital Lease Obligation?

Axion Power International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2016 was $0.00 Mil.


Axion Power International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Axion Power International'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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Axion Power International Long-Term Capital Lease Obligation Chart

Axion Power International Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Long-Term Capital Lease Obligation
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Axion Power International Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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Axion Power International  (OTCPK:AXPWQ) 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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Axion Power International (Axion Power International) Business Description

Traded in Other Exchanges
N/A
Address
3601 Clover Lane, New Castle, PA, USA, 16105
Axion Power International Inc is an innovative energy solutions company that pioneered the development of carbon/ lead batteries. It develops, designs, manufactures and sells energy storage components and devices based on its patented PbC technology. Further, it sells batteries, energy storage systems, and engineering services as part of product offerings, and it assists battery end users to adapt batteries to applications where a wide voltage window, fast recharge and long life benefits are required. The business activities of the group are geographically functioned through the region of United States.
Executives
David Gelbaum 10 percent owner 2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum 10 percent owner 2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust 10 percent owner 2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Stanley A Hirschman director
David Anthony director 200 LUDLOW DRIVE, EWING NJ 08638

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