GFGU (GetFugu) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2010)

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What is GetFugu Long-Term Capital Lease Obligation?

GetFugu's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2010 was $0.00 Mil.

GetFugu Long-Term Capital Lease Obligation Historical Data

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

GetFugu Annual Data

Trend

Dec08

Dec09

Long-Term Capital Lease Obligation

GetFugu Quarterly Data
	Mar07	Jun07	Sep07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	-	-	-	-

GetFugu (OTCPK:GFGU) 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.

GetFugu Long-Term Capital Lease Obligation Related Terms

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GetFugu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GetFugu Inc (OTCPK:GFGU) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

8560 West Sunset Boulevard, 7th Floor, West Hollywood, CA, USA, 90069

Website

http://www.getfugu.com

GetFugu Inc is engaged in the development of next generation mobile search tools.

Executives

Michael Jay Solomon	director	1174 N. HILLCREST ROAD, BEVERLY HILLS CA 90210
Chuck Timpe	director	11111 SANTA MONICA BLVD STE. 550, LOS ANGELES CA 90025
Eric Stoppenhagen	officer: Interim CFO and Secretary	8908 SPLITARROW DRIVE, AUSTIN TX 78717

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