Vita Mobile Systems (Vita Mobile Systems) Long-Term Capital Lease Obligation : $0.00 Mil (As of . 20)

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What is Vita Mobile Systems Long-Term Capital Lease Obligation?

Vita Mobile Systems's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil.

Vita Mobile Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vita Mobile Systems'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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Vita Mobile Systems Long-Term Capital Lease Obligation Chart

Vita Mobile Systems Annual Data

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Long-Term Capital Lease Obligation

Vita Mobile Systems Quarterly Data

Long-Term Capital Lease Obligation

Vita Mobile Systems (OTCPK:VMSI) 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.

Vita Mobile Systems Long-Term Capital Lease Obligation Related Terms

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Vita Mobile Systems (Vita Mobile Systems) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vita Mobile Systems Inc (OTCPK:VMSI) » Definitions » Long-Term Capital Lease Obligation

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Address

2640 Main Street, Irvine, CA, USA, 92614

Website

https://www.vitamobilesystems.com

Vita Mobile Systems Inc is an internet technology and marketing company. It focuses on digital imaging and technology in mobile devices. The company's application VITA is for iOS and Android smart mobile devices that will illustrate locations and current events. The application introduced the use of a camera and reorganizes the process for posting pictures and videos.

Vita Mobile Systems (Vita Mobile Systems) Headlines

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