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FONU2 (FONU) Long-Term Capital Lease Obligation : $4.69 Mil (As of Sep. 2015)


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What is FONU2 Long-Term Capital Lease Obligation?

FONU2's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2015 was $4.69 Mil.

FONU2's quarterly Long-Term Capital Lease Obligation increased from Mar. 2015 ($4.49 Mil) to Jun. 2015 ($4.65 Mil) and increased from Jun. 2015 ($4.65 Mil) to Sep. 2015 ($4.69 Mil).

FONU2's annual Long-Term Capital Lease Obligation stayed the same from Sep. 2013 ($0.00 Mil) to Sep. 2014 ($0.00 Mil) but then increased from Sep. 2014 ($0.00 Mil) to Sep. 2015 ($4.69 Mil).

FONU2 Long-Term Capital Lease Obligation Historical Data

The historical data trend for FONU2'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.

FONU2 Long-Term Capital Lease Obligation Chart

FONU2 Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep13 Sep14 Sep15
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.69

FONU2 Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 4.49 4.65 4.69

FONU2  (OTCPK:FONU) 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.

FONU2 Long-Term Capital Lease Obligation Related Terms

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FONU2 (FONU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FONU2 Inc (OTCPK:FONU) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
5112 West Taft Road, Suite M, Liverpool, NY, USA, 13088
Website
https://www.fonuinc.com
FONU2 Inc is in the process of restructuring its business and will move in a new direction to focus on any one of the following sectors; hospitality, real estate development, mining and minerals, green technology, retail, warehousing, and logistics.