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UpSnap (UpSnap) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is UpSnap Long-Term Capital Lease Obligation?

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


UpSnap Long-Term Capital Lease Obligation Historical Data

The historical data trend for UpSnap'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.

UpSnap Long-Term Capital Lease Obligation Chart

UpSnap Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
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UpSnap Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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UpSnap  (OTCPK:CEENQ) 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.

UpSnap Long-Term Capital Lease Obligation Related Terms

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UpSnap (UpSnap) Business Description

Traded in Other Exchanges
Address
100 Consilium Place, Suite 200, Toronto, ON, CAN, M1H 3E3
UpSnap Inc is a provider of mobile advertising solutions. It offers its mobile advertising services to national brands on a campaign basis and to small businesses on a subscription basis. In addition, it is involved in the licensing and support of its software solutions, as well as sale and service of software and hosting solutions. The company is conducting business in two geographic areas of operations - the United States and the rest of the world. It generates revenue from advertising services, software licensing, updated and support, and software customization.

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