Software Effective Solutions (Software Effective Solutions) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Software Effective Solutions Long-Term Capital Lease Obligation?

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

Software Effective Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Software Effective 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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Software Effective Solutions Long-Term Capital Lease Obligation Chart

Software Effective Solutions Annual Data

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Long-Term Capital Lease Obligation

Software Effective Solutions Quarterly Data

Long-Term Capital Lease Obligation

Software Effective Solutions (OTCPK:SFWJ) 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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Software Effective Solutions (Software Effective Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Software Effective Solutions Corp (OTCPK:SFWJ) » Definitions » Long-Term Capital Lease Obligation

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Address

1100 Poydras Street, Suite 2900, New Orleans, LA, USA, 70163

Website

https://www.medcana.net

Software Effective Solutions Corp operates through its subsidiary MedCana inc, which is a global infrastructure and service provider to the pharmaceutical cannabis industry. The mission is to provide premium pharmaceutical-grade CBD oil with absolute integrity, sustainability, and social responsibility. The company is focused on developing globally accessible products through software, hardware, greenhouse, irrigation, and extraction technology. The company also has strategic partnerships to develop the highest quality, globally certified pharmaceutical-grade extracts.

Software Effective Solutions (Software Effective Solutions) Headlines

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