Seafarer Exploration (Seafarer Exploration) Long-Term Capital Lease Obligation : $0.10 Mil (As of Mar. 2024)

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What is Seafarer Exploration Long-Term Capital Lease Obligation?

Seafarer Exploration's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.10 Mil.

Seafarer Exploration's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.12 Mil) to Dec. 2023 ($0.11 Mil) and declined from Dec. 2023 ($0.11 Mil) to Mar. 2024 ($0.10 Mil).

Seafarer Exploration's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.01 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.11 Mil).

Seafarer Exploration Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seafarer Exploration'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.

Seafarer Exploration Long-Term Capital Lease Obligation Chart

Seafarer Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.03

0.01

0.11

Seafarer Exploration 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															0.10	0.11	0.12	0.11	0.10

Seafarer Exploration (OTCPK:SFRX) 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.

Seafarer Exploration Long-Term Capital Lease Obligation Related Terms

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Seafarer Exploration (Seafarer Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Seafarer Exploration Corp (OTCPK:SFRX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

14497 N. Dale Mabry Highway, Suite 209-N, Tampa, FL, USA, 33618

Website

https://seafarerexplorationcorp.com

Seafarer Exploration Corp is an underwater research, exploration and recovery company. It develops the infrastructure to engage in the archaeologically sensitive exploration and recovery of historic shipwrecks. The company is engaged in the archaeologically sensitive exploration, documentation, and recovery of historic shipwrecks with the objective of exploring and discovering Colonial-era shipwrecks. Its operating segment includes Blockchain LogisTech, LLC and Seafarer Exploration Corp. The company derives a majority of its revenue from Seafarer Exploration Corp.

Executives

Charles Branscum	director	199 JONES DRIVE, BATESVILLE AR 72501
Bradford S Clark	director	1603 STONEHENGE PLACE, LITTLE ROCK AR 72212
Thomas B Soeder	director	1413 MAYESVILLE WAY, THE VILLAGES FL 32162
Robert L. Kennedy	director	41 TIMBERLANE TRAIL, CONWAY AR 72034-3611
Micah James Eldred	10 percent owner	15500 ROOSEVELT BLVD., SUITE 303, CLEARWATER FL 33760
Pelle Ojasu	director	14497 N. DALE MABRY HIGHWAY, SUITE 209N, TAMPA FL 33618
Credo Argentarius, L.l.c.	10 percent owner	17547 HUGH LANE, LAND O LAKES FL 34638
Linda Gail Kennedy	10 percent owner	17547 HUGH LANE, LAND O LAKES FL 34638
Solar Funding Solutions Corp.	10 percent owner	140 ISLAND WAY, NO. 252, CLEARWATER BEACH FL 33767
Seth M Shaw	director, officer: CEO, President	55 W 25 STREET, APT 33A, NEW YORK NY 10010