Gnomestar Craft (Gnomestar Craft) Long-Term Capital Lease Obligation : $0.28 Mil (As of Dec. 2021)

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What is Gnomestar Craft Long-Term Capital Lease Obligation?

Gnomestar Craft's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.28 Mil.

Gnomestar Craft's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 ($0.40 Mil) to Sep. 2021 ($0.30 Mil) and declined from Sep. 2021 ($0.30 Mil) to Dec. 2021 ($0.28 Mil).

Gnomestar Craft's annual Long-Term Capital Lease Obligation increased from Mar. 2019 ($0.00 Mil) to Mar. 2020 ($0.34 Mil) and increased from Mar. 2020 ($0.34 Mil) to Mar. 2021 ($0.41 Mil).

Gnomestar Craft Long-Term Capital Lease Obligation Historical Data

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

Gnomestar Craft Annual Data

Trend

Jun12

Jun13

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Long-Term Capital Lease Obligation

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1.27

1.24

0.34

0.41

Gnomestar Craft Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.42	0.41	0.40	0.30	0.28

Gnomestar Craft (OTCPK:VDQSF) 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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Gnomestar Craft (Gnomestar Craft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Gnomestar Craft Inc (OTCPK:VDQSF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

8778 River Road, Delta, BC, CAN, V4G 1B5

Website

https://gnomestarcannabis.com

Gnomestar Craft Inc, formerly Vodis Pharmaceuticals Inc is engaged in the manufacturing of craft cannabis. The company's facility is situated in Delta, British Columbia, Canada. The business operates in one segment being the marijuana industry, and all assets are located in Canada.The firm sells certain cannabis products for medical and recreational use to certain companies in Canada who are licensed for cultivation, processing and sell dried cannabis products.

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