Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Medical Cannabis Payment Solutions Long-Term Capital Lease Obligation?

Medical Cannabis Payment Solutions's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Medical Cannabis Payment Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Medical Cannabis Payment Solutions'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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Medical Cannabis Payment Solutions Long-Term Capital Lease Obligation Chart

Medical Cannabis Payment Solutions Annual Data

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Long-Term Capital Lease Obligation

Medical Cannabis Payment Solutions Quarterly Data

Long-Term Capital Lease Obligation

Medical Cannabis Payment Solutions (OTCPK:REFG) 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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Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Cannabis Payment Solutions Inc (OTCPK:REFG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

5940 S. Rainbow Blvd., Las Vegas, NV, USA, 89118

Website

https://www.paywithgo.com

Medical Cannabis Payment Solutions Inc is a United States-based company. Along with its subsidiaries, the firm is engaged in the development of ancillary services for the medical marijuana industry. The company offers a software product named Go that is a proprietary merchant processing system designed to serve the monetary demands of the state-legalized cannabis market and offers electronic payment, eCommerce features, solves cash handling issues and gives immediate access to funds.