Extreme Biodiesel (Extreme Biodiesel) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2012)

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What is Extreme Biodiesel Long-Term Capital Lease Obligation?

Extreme Biodiesel's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2012 was $0.00 Mil.

Extreme Biodiesel's quarterly Long-Term Capital Lease Obligation declined from Jun. 2010 ($0.01 Mil) to Jun. 2011 ($0.00 Mil) but then stayed the same from Jun. 2011 ($0.00 Mil) to Jun. 2012 ($0.00 Mil).

Extreme Biodiesel's annual Long-Term Capital Lease Obligation increased from Jun. 2009 ($0.00 Mil) to Jun. 2010 ($0.01 Mil) but then declined from Jun. 2010 ($0.01 Mil) to Jun. 2011 ($0.00 Mil).

Extreme Biodiesel Long-Term Capital Lease Obligation Historical Data

The historical data trend for Extreme Biodiesel'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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Extreme Biodiesel Long-Term Capital Lease Obligation Chart

Extreme Biodiesel Annual Data

Trend

Jun09

Jun10

Jun11

Long-Term Capital Lease Obligation

0.01

Extreme Biodiesel Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12
Long-Term Capital Lease Obligation	-	0.01	-	-

Extreme Biodiesel (OTCPK:XTRM) 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.

Extreme Biodiesel Long-Term Capital Lease Obligation Related Terms

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Extreme Biodiesel (Extreme Biodiesel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Extreme Biodiesel Inc (OTCPK:XTRM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

153 West Lake Mead Parkway, Suite 2240, Henderson, NV, USA, 89015

Website

https://www.xtrm-northstar.com

Extreme Biodiesel Inc is engaged in the acquisition, development and sales of residential real estate in Idaho.

Executives

Joseph Jay Spadafore	director, officer: SECRETARY	20315 AVENIDA DE ARBOLES, MURRIETA CA 92562
Richard Brian Carter	director, officer: PRESIDENT	2721 VIA VISTOSA, SAN CLEMENTE CA 92675
Frank Rossana	10 percent owner	1350 W HORIZON RIDGE DR. #1922, HENDERSON NV 89014
Steve Hayden	10 percent owner	1560 MAPLE STREET, CARONA CA 92880
Ronald Davis	10 percent owner	4412 8TH STREET SW, VERO BEACH FL 32968

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