Focus Universal (Focus Universal) Long-Term Capital Lease Obligation : $0.12 Mil (As of Dec. 2023)

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What is Focus Universal Long-Term Capital Lease Obligation?

Focus Universal's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.12 Mil.

Focus Universal's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.13 Mil) to Sep. 2023 ($0.12 Mil) and declined from Sep. 2023 ($0.12 Mil) to Dec. 2023 ($0.12 Mil).

Focus Universal's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.30 Mil) to Dec. 2022 ($0.17 Mil) and declined from Dec. 2022 ($0.17 Mil) to Dec. 2023 ($0.12 Mil).

Focus Universal Long-Term Capital Lease Obligation Historical Data

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

Focus Universal Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.10

0.04

0.30

0.17

0.12

Focus Universal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.17	0.15	0.13	0.12	0.12

Focus Universal (NAS:FCUV) 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.

Focus Universal Long-Term Capital Lease Obligation Related Terms

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Focus Universal (Focus Universal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Focus Universal Inc (NAS:FCUV) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

2311 East Locust Court, Ontario, CA, USA, 91761

Website

https://www.focusuniversal.com

Focus Universal Inc develops and manufactures universal smart device. Its products portfolio include Universal Smart Instrumentation Platform, Ubiquitor, Universal Smart Controller, and Sensors. The company also supplies various air filtration systems. The Company consists of three types of operations- Focus and Focus Shenzhen (Corporate), Perfecular and Lusher (IoT Products), AVX (IoT Installation Services). Majority of revenue is generated from IoT Installation Services. IoT Installation Services segment is an IoT installation and management company specializing in high performance and easy to use audio/video, home theater, lighting control, automation, and integration.

Executives

Sheri Lofgren	director	C/O LOGICAL CHOICE CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Michael Ross Pope	director	1045 PROGRESS CIRCLE, LAWRENCEVILLE, GEORGIA GA 30043
Gregory S Butterfield	director	3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043
Carine S. Clark	director	772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Duncan Lee	officer: Chief Financial Officer	20511 EAST WALNUT DRIVE NORTH, WALNUT CA 91789
Jennifer Lingjie Gu	director, 10 percent owner	2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Edward Shihai Lee	director, 10 percent owner, officer: President	2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Desheng Wang	director, 10 percent owner, officer: CEO and Secretary	140 SOUTH ROOSEVELT AVENUE, PASADENA CA 91107