Tapinator (Tapinator) Long-Term Capital Lease Obligation : $0.22 Mil (As of Sep. 2023)

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What is Tapinator Long-Term Capital Lease Obligation?

Tapinator's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.22 Mil.

Tapinator's quarterly Long-Term Capital Lease Obligation declined from Sep. 2019 ($0.08 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($0.22 Mil).

Tapinator Long-Term Capital Lease Obligation Historical Data

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

Tapinator Annual Data

Trend

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Long-Term Capital Lease Obligation

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Tapinator Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Sep22	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.10	0.09	0.08	-	0.22

Tapinator (OTCPK:TAPM) 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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Tapinator (Tapinator) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tapinator Inc (OTCPK:TAPM) » Definitions » Long-Term Capital Lease Obligation

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Address

1776 Broadway, Suite 2002, New York, NY, USA, 10019

Website

https://www.tapinator.com

Tapinator Inc develops and publishes category- leading apps for mobile platforms, with a focus on social casino games. The company's library includes more than 300 titles. It offers games such as Solitaire Derby, Crypto Trillionaire, Castlebuilder, Combo Quest, and Dice Mage 2 among others. The company generates revenues through the sale of branded advertising and consumer transactions, including in-app purchases and subscriptions.