BlockQuarry (BlockQuarry) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2022)

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What is BlockQuarry Long-Term Capital Lease Obligation?

BlockQuarry's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil.

BlockQuarry's quarterly Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Dec. 2021 ($0.18 Mil) but then declined from Dec. 2021 ($0.18 Mil) to Dec. 2022 ($0.00 Mil).

BlockQuarry's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Dec. 2021 ($0.18 Mil) but then declined from Dec. 2021 ($0.18 Mil) to Dec. 2022 ($0.00 Mil).

BlockQuarry Long-Term Capital Lease Obligation Historical Data

The historical data trend for BlockQuarry'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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BlockQuarry Long-Term Capital Lease Obligation Chart

BlockQuarry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.18

BlockQuarry Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec21	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	0.18	-

BlockQuarry (OTCPK:BLQC) 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.

BlockQuarry Long-Term Capital Lease Obligation Related Terms

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BlockQuarry (BlockQuarry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BlockQuarry Corp (OTCPK:BLQC) » Definitions » Long-Term Capital Lease Obligation

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Address

700 Louisiana Street, Suite 3950, Houston, TX, USA, 77002

Website

https://www.blockquarry.io

BlockQuarry Corp operates in the cryptocurrency mining industry. The cryptocurrency mining and mining equipment segment is focused on capitalizing on the Bitcoin ecosystem and its surrounding associated growth opportunities through proof-of-work mining. It also produced and sold premium liquor beverages and sold cannabinoid products.