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Xtreme One Entertainment (Xtreme One Entertainment) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)


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What is Xtreme One Entertainment Long-Term Capital Lease Obligation?

Xtreme One Entertainment's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.


Xtreme One Entertainment Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xtreme One Entertainment'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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Xtreme One Entertainment Long-Term Capital Lease Obligation Chart

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Xtreme One Entertainment Quarterly Data
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Xtreme One Entertainment  (OTCPK:XONI) 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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Xtreme One Entertainment (Xtreme One Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
1836 O'Neal Avenue, Pueblo, CO, USA, 81003
CannaGrow Holdings Inc develops, designs, and builds grow facilities for the legal cannabis industry in the State of Colorado. It offers design, permitting, development and construction, site management, staffing, research, and other professional services. The company intends to expand its business model within the cannabis industry. Geographically it operates through the region of the United States.

Xtreme One Entertainment (Xtreme One Entertainment) Headlines