Adamas One (Adamas One) Long-Term Capital Lease Obligation : $1.19 Mil (As of Jun. 2023)

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What is Adamas One Long-Term Capital Lease Obligation?

Adamas One's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.19 Mil.

Adamas One's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.23 Mil) to Mar. 2023 ($1.20 Mil) and declined from Mar. 2023 ($1.20 Mil) to Jun. 2023 ($1.19 Mil).

Adamas One Long-Term Capital Lease Obligation Historical Data

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

Adamas One Annual Data

Trend

Sep20

Sep21

Sep22

Long-Term Capital Lease Obligation

Adamas One Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	-	1.23	1.20	1.19

Adamas One (NAS:JEWL) 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.

Adamas One Long-Term Capital Lease Obligation Related Terms

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Adamas One (Adamas One) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Adamas One Corp (NAS:JEWL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

17767 N. Perimeter Drive, Suite B115, Scottsdale, AZ, USA, 85255

Website

https://www.adamasone.com

Adamas One Corp is a high-tech diamond company that uses its proprietary technology to produce high-quality, single-crystal diamonds and diamond materials through a CVD process, which it refers to as Diamond Technology. It operates as a Lab-Grown Diamond manufacturer that produces single-crystal diamonds for gemstone and industrial applications. The company produces chemical vapor deposition (CVD) gem-sized Lab-Grown Diamond crystals using processes pioneered by Apollo Diamond. The company's controlled manufacturing processes enable it to produce High-Quality, High Purity, High Volume, single-crystal colorless, near-colorless, and fancy-colored diamonds to suit a variety of industrial and gemstone applications.

Executives

John Grdina	director, officer: President and CEO	8340 E. RAINTREE DR. UNIT D, SCOTTSDALE AZ 85260
Gerald A Mcguire	officer: Chief Operating Officer	SCIO DIAMOND TECHNOLOGY CORPORATION, 411 UNIVERSITY RIDGE, STE D, GREENVILLE SC 29601
Alan B. Menkes	director	1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079
Paul Vassilakos	director	180 MADISON AVENUE, 17TH FLOOR, NEW YORK NY 10016
Thierry J Chaunu	director	17767 NORTH PERIMETER DRIVE, SUITE B115, SCOTTSDALE AZ 85255
George C Chien	director	17767 NORTH PERIMETER DRIVE, SUITE B115, SCOTTSDALE AZ 85225
Steven Staehr	officer: Chief Financial Officer	9449 SCIENCE CENTER DRIVE, NEW HOPE MN 55428
Pubco, Llc	10 percent owner	10645 N. TATUM BLVD., PHOENIX AZ 85028