Thumzup Media (Thumzup Media) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Thumzup Media Long-Term Capital Lease Obligation?

Thumzup Media's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Thumzup Media Long-Term Capital Lease Obligation Historical Data

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

Thumzup Media Annual Data

Trend

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Long-Term Capital Lease Obligation

Thumzup Media Quarterly Data
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Thumzup Media (OTCPK:TZUP) 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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Thumzup Media (Thumzup Media) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thumzup Media Corp (OTCPK:TZUP) » Definitions » Long-Term Capital Lease Obligation

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Address

11845 West Olympic Boulevard, Suite 1100W No. 13, Los Angeles, CA, USA, 90064

Website

https://www.thumzupmedia.com

Thumzup Media Corp operates in the social media branding and marketing industry. The company operates in a single business segment which is social media marketing. The Thumzup App works on both iPhone and Android mobile operating systems and connects brands and people who use and love these brands. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through Venmo and PayPal.