AIM Energy (AIM Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of May. 2018)

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What is AIM Energy Long-Term Capital Lease Obligation?

AIM Energy's Long-Term Capital Lease Obligation for the quarter that ended in May. 2018 was $0.00 Mil.

AIM Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for AIM Energy'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.
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AIM Energy Long-Term Capital Lease Obligation Chart

AIM Energy Annual Data

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Long-Term Capital Lease Obligation

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AIM Energy Quarterly Data
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AIM Energy (OTCPK:AEXE) 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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AIM Energy (AIM Energy) Business Description

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Address

170 S Green Valley Parkway, Suite 300, Henderson, NV, USA, 89012

Website

http://www.aimexploration.com

AIM Energy Inc is a junior mining exploration stage company. It is involved in the business of acquisition and exploration of mineral properties with the intent to take properties to production. Its projects include the anthracite coal project in Lajon city, Otuzco province, Peru.

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