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Ubiquitech Software (Ubiquitech Software) Long-Term Capital Lease Obligation : $0.00 Mil (As of Aug. 2023)


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What is Ubiquitech Software Long-Term Capital Lease Obligation?

Ubiquitech Software's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil.


Ubiquitech Software Long-Term Capital Lease Obligation Historical Data

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

Ubiquitech Software Annual Data
Trend Aug08
Long-Term Capital Lease Obligation
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Ubiquitech Software Quarterly Data
Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug22 Aug23
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Ubiquitech Software  (OTCPK:UBQU) 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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Ubiquitech Software (Ubiquitech Software) Business Description

Traded in Other Exchanges
N/A
Address
3570 East 12th Avenue, Denver, CO, USA, 80206
Ubiquitech Software Corp is a United States-based multi-media, multi-faceted company. It is engaged in utilizing global internet marketing, direct response television, radio, and traditional marketing to drive traffic to the new industries. The company also focuses on developing Cannabidiol (CBD) Hemp derived products. It owns the proprietary CBD brand CannazALL. The company offers the products through its internally designed and operated web portal www.cannazall.com.
Executives
Young Yuen director, 10 percent owner, officer: CEO/Pres/Secretary/Treasurer 7435 S. EASTERN AVENUE, SUITE 5, LAS VEGAS NV 89123