Galaxy Next Generation (Galaxy Next Generation) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2023)

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What is Galaxy Next Generation Long-Term Capital Lease Obligation?

Galaxy Next Generation's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.

Galaxy Next Generation's annual Long-Term Capital Lease Obligation declined from Jun. 2020 ($0.72 Mil) to Jun. 2021 ($0.00 Mil) but then stayed the same from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.00 Mil).

Galaxy Next Generation Long-Term Capital Lease Obligation Historical Data

The historical data trend for Galaxy Next Generation'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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Galaxy Next Generation Long-Term Capital Lease Obligation Chart

Galaxy Next Generation Annual Data

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Long-Term Capital Lease Obligation

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0.72

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Galaxy Next Generation (OTCPK:GAXYQ) 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.

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Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577