Personas Socialorporated (TSXV:PRSN) Long-Term Capital Lease Obligation : C$0.03 Mil (As of Dec. 2023)

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What is Personas Socialorporated Long-Term Capital Lease Obligation?

Personas Socialorporated's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil.

Personas Socialorporated's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.08 Mil) to Sep. 2023 (C$0.05 Mil) and declined from Sep. 2023 (C$0.05 Mil) to Dec. 2023 (C$0.03 Mil).

Personas Socialorporated's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.09 Mil) but then declined from Dec. 2022 (C$0.09 Mil) to Dec. 2023 (C$0.03 Mil).

Personas Socialorporated Long-Term Capital Lease Obligation Historical Data

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

Personas Socialorporated Annual Data

Trend

May13

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.67

0.09

0.03

Personas Socialorporated Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.09	0.08	0.05	0.03

Personas Socialorporated (TSXV:PRSN) 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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Personas Socialorporated (TSXV:PRSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Personas Social Incorporated (TSXV:PRSN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PRSNF:USA 3PP1:Germany

Address

1 Yonge Street, Floor 18, Toronto, ON, CAN, M5E 1W7

Website

https://www.personas.com

Personas Social Incorporated is a Canada-based company engaged in the business of offering live video conferencing technology, live streaming, social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. It focuses on providing social commerce-enabled products which allow for a monetizable user experience to all users, consumers and businesses alike. The company accomplishes this by offering products which are complete with enterprise-grade e-commerce infrastructure including multi-currency, multi-lingual, turnkey mobile commerce suites for users.

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