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GLAI (Global AI) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)


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What is Global AI Long-Term Capital Lease Obligation?

Global AI's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

Global AI Long-Term Capital Lease Obligation Historical Data

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

Global AI Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Long-Term Capital Lease Obligation
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Global AI Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Global AI  (OTCPK:GLAI) 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.

Global AI Long-Term Capital Lease Obligation Related Terms

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Global AI Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Global AI Inc (OTCPK:GLAI) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
110 Front Street, Suite 300, Jupiter, FL, USA, 33477
Website
https://www.globalai.co
Global AI Inc is a company expects to acquire, integrate and develop artificial intelligence based technology companies and assets. The Company intends to focus its Acquisitions on machine and deep learning, generative AI, computer vision, natural language processing, and other AI technologies. The Company focuses on Acquisitions that are scalable and have revenue models that provide for tangible growth.
Executives
Ronald G. Teblum director, 10 percent owner, officer: CEO 10635 NW 66TH CRT., PARKLAND FL 33076
Jerrold Dean Burden director, 10 percent owner, officer: CFO/Secretary/Treasurer 2153 IMPERIAL POINT DRIVE, FORT LAUDERDALE FL 33308