LGBTQ Loyalty Holdings (LGBTQ Loyalty Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2022)

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What is LGBTQ Loyalty Holdings Long-Term Capital Lease Obligation?

LGBTQ Loyalty Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil.

LGBTQ Loyalty Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for LGBTQ Loyalty Holdings'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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LGBTQ Loyalty Holdings Long-Term Capital Lease Obligation Chart

LGBTQ Loyalty Holdings Annual Data

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Long-Term Capital Lease Obligation

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LGBTQ Loyalty Holdings Quarterly Data
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LGBTQ Loyalty Holdings (OTCPK:LFAP) 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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LGBTQ Loyalty Holdings (LGBTQ Loyalty Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LGBTQ Loyalty Holdings Inc (OTCPK:LFAP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2435 N Dixie Highway, Wilton Manors, FL, USA, 33305

Website

https://www.lgbtqloyalty.com

LGBTQ Loyalty Holdings Inc is a financial methodology and media company that quantifies corporate equality alignment with the LGBTQ community and its supporters. The company delivers progressive financial indices and marketing platforms for the LGBTQ community and its supporters. It has benchmarked the first-ever U.S. Loyalty Preference Index, which the company believes empowers the LGBTQ community to express their preferences for the nation's high-performing corporations most dedicated to advancing equality.

Executives

Deborah Fuhr	director	C/O LGBTQ LOYALTY HOLDINGS, INC.,, 2435 N DIXIE HWY, WILTON MANORS FL 33305
Paul Andrew Berry	director, other: See "Remarks" below	C/O LGBTQ LOYALTY HOLDINGS, INC., 2435 N DIXIE HWY, WILTON MANORS FL 33305
Maxim Partners Llc	10 percent owner	C/O MAXIM GROUP LLC, 99 SUNNYSIDE BLVD., WOODBURY NY 11797
Mjr Holdings Llc	10 percent owner	C/O MAXIM GROUP LLC, 99 SUNNYSIDE BLVD., WOODBURY NY 11797
Michael Rabinowitz	10 percent owner	MAXIM GROUP, LLC, 405 LEXINGTON AVENUE, NEW YORK NY 10174
Brian Neal	10 percent owner, officer: President	POLO PLAZA, 3790 VIA DE LA VALLE, #125E, DEL MAR CA 92014
Robert A. Blair	director, officer: CEO, CFO	3790 VIA DE LA VALLE, #125E, DEL MAR, CA 92014
Lesly Ann Thompson	10 percent owner	5404 CODY DRIVE, WEST DES MOINES IA 50266
Lawrence Patrick Roan	director, 10 percent owner	C/O LIFEAPPS BRANDS INC., 3790 VIA DE LA VALLE #116E, DE MAR CA 92014
Arnold Tinter	director, 10 percent owner, officer: CFO, Treasurer and Secretary	8530 WILSHIRE BLVD, SUITE 450, BEVERLY HILLS CA 90211
Robert Gayman	director, 10 percent owner, officer: CEO, President and Chairman	C/O ETF DIGITAL., 10120 W FLAMINGO RD. #4632, LAS VEGAS NV 89147
Howard Fuller	director	LIFEAPPS DIGITAL MEDIA INC., 5752 OBERLIN DRIVE, SAN DIEGO CA 92121