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MOJO Data Solutions (MOJO Data Solutions) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2021)


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What is MOJO Data Solutions Long-Term Capital Lease Obligation?

MOJO Data Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.00 Mil.


MOJO Data Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for MOJO Data Solutions'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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MOJO Data Solutions Long-Term Capital Lease Obligation Chart

MOJO Data Solutions Annual Data
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Long-Term Capital Lease Obligation
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MOJO Data Solutions Semi-Annual Data
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MOJO Data Solutions  (OTCPK:MJDS) 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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MOJO Data Solutions (MOJO Data Solutions) Business Description

Industry
Traded in Other Exchanges
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Address
E21 Calle Las Palmas, URB Dorado Reef, Dorado, PRI, 00646
MOJO Data Solutions Inc is engaged in the development of smartphone applications that enable consumers to interact with traditional media. The firm delivers multimedia mobile visual search and content delivery platforms on the handset with data processing and campaign management tools. It offers a campaign management suite that includes Mojo Tags, which allows consumers to connect with the digital content and experiences of brands through smartphones; Mojo Insights which offers solutions for managing mobile campaigns and connecting consumers to Internet content from traditional media; Mojo Tags App, a multimedia scanning application; and Mojo Touch solutions. The company also has Mojo Beacons, which delivers in-store customer experiences.