Nocopi Technologies (Nocopi Technologies) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Nocopi Technologies Long-Term Capital Lease Obligation?

Nocopi Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Nocopi Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.07 Mil) to Dec. 2022 ($0.02 Mil) and declined from Dec. 2022 ($0.02 Mil) to Dec. 2023 ($0.00 Mil).

Nocopi Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nocopi 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.

* Premium members only.

Nocopi Technologies Long-Term Capital Lease Obligation Chart

Nocopi Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.16

0.12

0.07

0.02

Nocopi Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Nocopi Technologies (OTCPK:NNUP) 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.

Nocopi Technologies Long-Term Capital Lease Obligation Related Terms

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Nocopi Technologies (Nocopi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nocopi Technologies Inc (OTCPK:NNUP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

480 Shoemaker Road, Suite 104, King of Prussia, PA, USA, 19406

Website

https://www.nocopi.com

Nocopi Technologies Inc develops and markets specialty reactive inks. Its main business activities are the development and distribution of document security products and the licensing of its patented reactive ink technologies for the entertainment and toy and the document and product authentication markets in the United States and foreign countries. Its primary geographic markets are North America, South America, Europe, Asia, and Australia. Geographically, the company receives maximum revenue from Asia.

Executives

Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Matthew C. Winger	director, officer: EVP - Corporate Development	4400 BISCAYNE BLVD, MIAMI FL 33137
Jacqueline Joy Goldman	director	6000 SAN JOSE BLVD., UNIT 705, JACKSONVILLE FL 32217
Michael Liebowitz	10 percent owner	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Debra Elyse Glickman	officer: Chief Financial Officer	21 BARSTOW ROAD, APT. 6L, GREAT NECK NY 11021
Joseph S Steinberg	10 percent owner	C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Howard Timothy Eriksen	10 percent owner	567 WILDROSE CIRCLE, LYNDEN WA 98264
Joseph Kevin Raymond	director	480 SHOEMAKER RD., KING OF PRUSSIA PA 19406
Michael Feinstein	director, officer: Chairman and CEO
Philip White	director	13519 MADISON AVENUE, OCEAN CITY MD 21842
Marc Rash	director	C/O NOCOPI TECHNOLOGIES, INC., 480 SHOEMAKER ROAD, STE 104, KING OF PRUSSIA PA 19406
Terry Stovold	officer: Chief Operating Officer	C/O NOCOPI TECHNOLOGIES, INC., 480 SHOEMAKER ROAD, STE 104, KING OF PRUSSIA PA 19406
William Ward Carey	director	12 FIELDVIEW LANE, EAST HAMPTON NY 11937
Curtis William Patrick Jr	director	225 STATE ROAD, MEDIA PA 19063

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