CXApp (CXAI) Long-Term Capital Lease Obligation : $0.27 Mil (As of Sep. 2023)

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What is CXApp Long-Term Capital Lease Obligation?

CXApp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.27 Mil.

CXApp's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.38 Mil) to Jun. 2023 ($0.33 Mil) and declined from Jun. 2023 ($0.33 Mil) to Sep. 2023 ($0.27 Mil).

CXApp Long-Term Capital Lease Obligation Historical Data

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

CXApp Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

CXApp Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	-	0.38	0.33	0.27

CXApp (NAS:CXAI) 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.

CXApp Long-Term Capital Lease Obligation Related Terms

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CXApp (CXAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CXApp Inc (NAS:CXAI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA, USA, 94306

Website

https://www.cxapp.com

CXApp Inc is a workplace experience platform for enterprise customers. It is a SaaS product for enterprise organizations, distributing a mobile app to all employees within the organization. It includes a content management system (or CMS) so customers can adjust configurations for their workplace settings autonomously and spontaneously. Its technologies and solutions help enterprise customers deliver a comprehensive business journey in a work 'from-anywhere' world for employees, partners, customers, and visitors. CXApp offers native mapping, analytics, on-device positioning (or ODP), and application technologies that bring people together.

Executives

Di-ann Eisnor	director	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Khurram P Sheikh	director, 10 percent owner, officer: CEO and CFO	1140 EAST ARQUES AVE., SUNNYVALE CA 94085
Camillo Martino	director	60 SOUTH MARKET STREET, STE 750, SAN JOSE CA 95113
Leon Papkoff	officer: Chief Product Officer	C/O KINS TECHNOLOGY GROUP, INC., FOUR PALO ALTO SQ, 3000 EL CAMINO REAL, PALO ALTO CA 94306
Shanti Priya	director	C/O KINS TECHNOLOGY GROUP, INC., FOUR PALO ALTO SQ, 3000 EL CAMINO REAL, PALO ALTO CA 94306
George Mathai	director	C/O KINS TECHNOLOGY GROUP, INC., FOUR PALO ALTO SQ, 3000 EL CAMINO REAL, PALO ALTO CA 94306
Michael D Angel	officer: Chief Financial Officer	935 STEWART DR, SUNNYVALE CA 94085
Cubist Systematic Strategies, Llc	10 percent owner	72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Israel A Englander	other: See Footnote 2	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millennium Management Llc	other: See Footnote 2	399 PARK AVENUE, NEW YORK NY 10022
Millennium Group Management Llc	other: See Footnote 2	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Ics Opportunities, Ltd.	10 percent owner	MILLENNIUM INTERNATIONAL MANAGEMENT LP, 399 PARK AVENUE, NEW YORK NY 10022
Cohen Steven A/sac Capital Mgmt Lp	10 percent owner	C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Allen Salmasi	director	C/O NEXTWAVE WIRELESS LLC, 12670 HIGH BLUFF DRIVE, SAN DIEGO CA 92130
Eric Zimits	officer: Secretary and CCDO	C/O KINS TECHNOLOGY GROUP INC., FOUR PALO ALTO SQUARE, PALO ALTO CA 94306