PopReach (TSXV:INIK) Long-Term Capital Lease Obligation : C$1.0 Mil (As of Dec. 2023)

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What is PopReach Long-Term Capital Lease Obligation?

PopReach's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.0 Mil.

PopReach's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$1.2 Mil) to Sep. 2023 (C$1.1 Mil) and declined from Sep. 2023 (C$1.1 Mil) to Dec. 2023 (C$1.0 Mil).

PopReach's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.2 Mil) to Sep. 2022 (C$0.1 Mil) but then increased from Sep. 2022 (C$0.1 Mil) to Dec. 2023 (C$1.0 Mil).

PopReach Long-Term Capital Lease Obligation Historical Data

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

PopReach Annual Data

Trend

Dec19

Dec20

Dec21

Sep22

Dec23

Long-Term Capital Lease Obligation

0.42

0.15

0.20

0.10

0.97

PopReach Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												0.10	0.14	1.23	1.11	0.97

PopReach (TSXV:INIK) 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.

PopReach Long-Term Capital Lease Obligation Related Terms

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PopReach (TSXV:INIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PopReach Corp (TSXV:INIK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

INIKF:USA

Address

1 University Avenue, 3rd Floor, Toronto, ON, CAN, M5J 2P1

Website

https://www.popreach.com

PopReach Corp is a multi-platform technology company focused on acquiring, optimizing, and growing companies and assets that provide services, technology, or products within the digital media ecosystem. The company's portfolio of assets includes PopReach Games, a free-to-play mobile game publisher with over 25 games enjoyed by millions of players; notifyAI, a push notification subscription and monetization platform; Q1Media, a digital media advertising services provider; and Contobox, an award-winning personalization, eCommerce and creative advertising technology platform; and Ubiquity, data-driven user acquisition and marketing technology consortium.

Executives

Michael Fitzgerald

Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

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