Hop-On (Hop-On) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Hop-On Long-Term Capital Lease Obligation?

Hop-On's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Hop-On Long-Term Capital Lease Obligation Historical Data

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

Hop-On Annual Data

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Long-Term Capital Lease Obligation

Hop-On Quarterly Data

Long-Term Capital Lease Obligation

Hop-On (OTCPK:HPNN) 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.

Hop-On Long-Term Capital Lease Obligation Related Terms

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Hop-On (Hop-On) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hop-On Inc (OTCPK:HPNN) » Definitions » Long-Term Capital Lease Obligation

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Address

31938 Temecula Parkway, Suite A323, Temecula, CA, USA, 92592

Website

https://www.hop-on.com

Hop-On Inc is an original design manufacturer and original equipment manufacturer and innovator of consumer and commercial electronics, based in the United States. It is engaged in the development and manufacture of electronics, distributed software and telecommunications hardware and services. The company products and service offerings include disposable cell phones, android phones, windows phones, networks, licensing, wireless infrastructure and electronic cigarette. Its markets include education, healthcare, automotive and transportation, energy, field service, industrial and infrastructure, B2B, consumer services, retail, and others.