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BLPFF (BLOK Technologies) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2019)


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What is BLOK Technologies Long-Term Capital Lease Obligation?

BLOK Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil.

BLOK Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for BLOK 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.

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BLOK Technologies Long-Term Capital Lease Obligation Chart

BLOK Technologies Annual Data
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BLOK Technologies Quarterly Data
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BLOK Technologies  (OTCPK:BLPFF) 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.

BLOK Technologies Long-Term Capital Lease Obligation Related Terms

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BLOK Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BLOK Technologies Inc (OTCPK:BLPFF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
221 West Esplanade, Suite 310, North Vancouver, BC, CAN, V7M 3J3
Website
http://www.bloktechinc.com
BLOK Technologies Inc operates as an investment company. The company invests in blockchain enabled and mobile application technology. It provides capital, technology, and management expertise to the companies it develops. The company's Greenstream subsidiary specializes in building secure and reliable blockchain platforms.