MakingORG (MakingORG) Long-Term Capital Lease Obligation : $0.01 Mil (As of Dec. 2022)

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What is MakingORG Long-Term Capital Lease Obligation?

MakingORG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.01 Mil.

MakingORG's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.00 Mil) to Sep. 2022 ($0.01 Mil) but then declined from Sep. 2022 ($0.01 Mil) to Dec. 2022 ($0.01 Mil).

MakingORG's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.01 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.01 Mil).

MakingORG Long-Term Capital Lease Obligation Historical Data

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

MakingORG Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.01

MakingORG Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.01	0.01

MakingORG (OTCPK:CQCQ) 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.

MakingORG Long-Term Capital Lease Obligation Related Terms

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MakingORG (MakingORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » MakingORG Inc (OTCPK:CQCQ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

385 S. Lemon Avenue, No. E 301, Walnut, CA, USA, 91789

Website

MakingORG Inc, along with its subsidiaries, purchases Acer truncatum Bunge seed oil from China and outsources it to third parties to manufacture Acer truncatum Bunge-related health products and sell to end-users and distributors in the United States and China. The company's products include Acer truncatum nervonic acid oil, Acer truncatum seed oil capsule, Acer truncatum edible oil, Acer truncatum oil with nervonic acid formula, Acer truncatum coffee, Acer truncatum tea, canned Acer truncatum, Acer truncatum cosmetics, Acer truncatum skincare products, hair wash products, and Acer truncatrum food. All of its revenues come from the People's Republic of China.

Executives

Juanzi Cui

director, 10 percent owner, officer: President, CEO, CFO, Secretary

11-3, LIUJIN BUILDING HUAYU PLAZA CHONGQING F4 400030

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