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Vemanti Group (Vemanti Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Vemanti Group Long-Term Capital Lease Obligation?

Vemanti Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.


Vemanti Group Long-Term Capital Lease Obligation Historical Data

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

Vemanti Group Annual Data
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Long-Term Capital Lease Obligation
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Vemanti Group Quarterly Data
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Vemanti Group  (OTCPK:VMNT) 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.

Vemanti Group Long-Term Capital Lease Obligation Related Terms

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Vemanti Group (Vemanti Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
7545 Irvine Center Drive, Suite. 200, Irvine, CA, USA, 92618
Vemanti Group Inc, through its subsidiaries, provides IP (Internet Protocol) communication needs. The company's network offers availability, coverage, flexibility and enables the following technology solutions: unified communications, data centre services, content delivery, voice over IP (VoIP), and cloud computing. The company also focuses on acquisition and investment in companies that focus on blockchain projects and applications combined with other emerging technologies, including machine learning/AI, security, and the internet of things (IoT).
Executives
Stephen Richard Jones officer: CFO 256 GREENGLADE AVENUE, WORTHINGTON OH 43085
Tan Tran director, 10 percent owner, officer: President, CEO, CFO 7545 IRVINE CENTER DR., STE. 200, IRVINE CA 92618
Rachel Boulds Cpa, Pllc director 6371 S. GLENOAKS STREET, MURRAY UT 84107