Innerscope Hearing Technologies (Innerscope Hearing Technologies) Long-Term Capital Lease Obligation : $0.42 Mil (As of Dec. 2020)

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What is Innerscope Hearing Technologies Long-Term Capital Lease Obligation?

Innerscope Hearing Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $0.42 Mil.

Innerscope Hearing Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2020 ($0.58 Mil) to Sep. 2020 ($0.50 Mil) and declined from Sep. 2020 ($0.50 Mil) to Dec. 2020 ($0.42 Mil).

Innerscope Hearing Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($0.73 Mil) but then declined from Dec. 2019 ($0.73 Mil) to Dec. 2020 ($0.42 Mil).

Innerscope Hearing Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Innerscope Hearing 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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Innerscope Hearing Technologies Long-Term Capital Lease Obligation Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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0.73

0.42

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.73	0.66	0.58	0.50	0.42

Innerscope Hearing Technologies (OTCPK:INND) 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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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Long-Term Capital Lease Obligation

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Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.