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PhoneX Holdings (PhoneX Holdings) Long-Term Capital Lease Obligation : $0.03 Mil (As of Dec. 2018)


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What is PhoneX Holdings Long-Term Capital Lease Obligation?

PhoneX Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2018 was $0.03 Mil.

PhoneX Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2018 ($0.04 Mil) to Sep. 2018 ($0.03 Mil) and declined from Sep. 2018 ($0.03 Mil) to Dec. 2018 ($0.03 Mil).

PhoneX Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2016 ($0.05 Mil) to Dec. 2017 ($0.05 Mil) and declined from Dec. 2017 ($0.05 Mil) to Dec. 2018 ($0.03 Mil).

PhoneX Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for PhoneX 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.

* Premium members only.

PhoneX Holdings Long-Term Capital Lease Obligation Chart

PhoneX Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.05 0.05 0.03

PhoneX Holdings Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.04 0.04 0.03 0.03

PhoneX Holdings  (OTCPK:PXHI) 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.

PhoneX Holdings Long-Term Capital Lease Obligation Related Terms

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PhoneX Holdings (PhoneX Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PhoneX Holdings Inc (OTCPK:PXHI) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
150 Executive Dr, Suite Q, Edgewood, NY, USA, 11717
Website
https://www.wesellcellular.com
PhoneX Holdings Inc is a technology-based company engaged in creating an online marketplace for used smartphones. It operates through an e-commerce website-based service and a wholly-owned subsidiary. The web portal includes saleable items such as iPhones, iPods, tablets and other electronic devices. It derives revenue either by taking possession of devices and selling these devices for a premium or by facilitating transactions between buyers and sellers and collecting a commission.
Executives
Piton Capital Partners Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134
Daniel Brauser director 171 MADISON AVENUE, 17TH FLOOR, NEW YORK NY 10016
Leslie J Schreyer 10 percent owner C/O NORTON ROSE FULBRIGHT US LLP, 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Cornice Fiduciary Management Llc 10 percent owner C/O WILLOW STREET GROUP, LLC, 270 W. PEARL AVENUE, SUITE 104, JACKSON WY 83001
Peter Benz director 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Grant Fitzwilliam director 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Robert M Averick 10 percent owner KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Perlus Microcap Fund L.p. 10 percent owner CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111
Michael Brauser director, 10 percent owner 4400 BISCAYNE BLVD., SUITE 850, MIAMI FL 33137
M3c Holdings Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, OKLAHOMA CITY OK 73134
Charles Pearlman director 1 EAST BROWARD BLVD., FORT LAUDERDALE FL 33301
Todd Oretsky 10 percent owner, other: See Remarks 330 SW 2ND STREET, SUITE 209, FORT LAUDERDALE FL 33312