GameOn Entertainment Technologies (XCNQ:GET) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2023)

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What is GameOn Entertainment Technologies Long-Term Capital Lease Obligation?

GameOn Entertainment Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil.

GameOn Entertainment Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for GameOn Entertainment Technologies'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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GameOn Entertainment Technologies Long-Term Capital Lease Obligation Chart

GameOn Entertainment Technologies Annual Data

Trend

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Long-Term Capital Lease Obligation

GameOn Entertainment Technologies Quarterly Data
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GameOn Entertainment Technologies (XCNQ:GET) 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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GameOn Entertainment Technologies (XCNQ:GET) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GameOn Entertainment Technologies Inc (XCNQ:GET) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GMETF:USA 9E7:Germany 9E7:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.gameon.app

GameOn Entertainment Technologies Inc is a video game ventures firm focusing on project investments in high-value e-gaming projects featuring recognized intellectual properties. It has generated revenues from gaming projects such as Pacific Rim: Breach Wars, Men In Black, and Hello Kitty.