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For The Earth (For The Earth) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2004)


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What is For The Earth Long-Term Capital Lease Obligation?

For The Earth's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2004 was $0.00 Mil.

For The Earth's annual Long-Term Capital Lease Obligation increased from Dec. 2001 ($0.00 Mil) to Dec. 2002 ($0.01 Mil) but then declined from Dec. 2002 ($0.01 Mil) to Dec. 2003 ($0.01 Mil).


For The Earth Long-Term Capital Lease Obligation Historical Data

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

For The Earth Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03
Long-Term Capital Lease Obligation
- - - 0.01 0.01

For The Earth Quarterly Data
Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04
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 - 0.01 - - -

For The Earth  (OTCPK:FTEG) 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.

For The Earth Long-Term Capital Lease Obligation Related Terms

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For The Earth (For The Earth) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2375 East Camelback Road, Suite 600, Phoenix, AZ, USA, 85016
For The Earth Corp is an emerging integrated CBD producer and retailer in the United States. The company is in the process of establishing a vertical framework that will extend from cultivation to extraction and production to a strategic retail footprint that includes multiple locations in Las Vegas and New York featuring mall kiosks, vending machines, e-commerce, and full store locations serving both the human and pet CBD markets.