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CB Scientific (CB Scientific) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is CB Scientific Long-Term Capital Lease Obligation?

CB Scientific's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


CB Scientific Long-Term Capital Lease Obligation Historical Data

The historical data trend for CB Scientific'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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CB Scientific Long-Term Capital Lease Obligation Chart

CB Scientific Annual Data
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CB Scientific Quarterly Data
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CB Scientific  (OTCPK:CBSC) 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.

CB Scientific Long-Term Capital Lease Obligation Related Terms

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CB Scientific (CB Scientific) Business Description

Traded in Other Exchanges
N/A
Address
10845 Griffith Peak Drive, Suite 200, Las Vegas, NV, USA, 89135
CB Scientific Inc through its U.S. and international subsidiaries provides innovative products and services in the ambulatory non-invasive cardiac monitoring space. The FDA and CE cleared EKG devices, interactive cloud-based acquisition software, and smartphone apps for both iOS and Android platforms, provide improved compliance for patients at risk of abnormal heart rhythms as well as more accurate information for physicians.