Total Current Assets definition

Total Current Assets means total current assets determined in accordance with GAAP.

Total Current Assets means the amount equal to the sum of Final Current Assets in this Agreement and Final Current Assets calculated pursuant to the PMSI Agreement; "Total Current Liabilities" shall mean the amount equal to the sum of Final Current Liabilities in this Agreement and Final Current Liabilities calculated pursuant to the PMSI Agreement; "Current Asset Allocation Amount" shall mean the amount equal to the product of (A) the quotient of Final Current Assets in this Agreement divided by Total Combined Assets multiplied by (B) the Total Working Capital Deficit or Total Working Capital Surplus, as the case may be; and "Total Combined Assets" shall mean the sum of Final Current Assets under this Agreement and Final Current Assets calculated under the PMSI Agreement.

Total Current Assets means the sum of (a) cash and equivalents, plus (b) account receivables, plus (c) inventory, plus (d) other current assets, and plus (e) equity method investments of Heritage Global Capital, LLC. For purposes of this paragraph only, Total Debt shall only include the outstanding balance due under this Loan.

Examples of Total Current Assets in a sentence

• Balance SheetsAssets Current Assets Cash $77 $74 Total Current Assets $77 74 Total Assets $77 $74 Liabilities and Stockholders’ Equity (Deficit) Current Liabilities Due to Stockholder $4493 — Total Current Liabilities 4493 — Stockholders' Equity (Deficit) Common stock, $0.000001 par value, 100,000,000 shares authorized; 75,000,000 and 74,000,000 issued and outstanding as of December 31, 2020 and 2019, respectively.

• Working Capital is defined as Total Current Assets less Total Current Liabilities.

• Current Ratio is defined as Borrower’s Total Current Assets divided by Borrower’s Total Current Liabilities.

• CURRENT ASSETS Cash and cash equivalents $10,108 $6,467 Other receivable 1,050 1,050 Deferred financing costs and other prepaid expenses 6,540 - Total Current Assets 17,698 7,517 OTHER ASSETS Goodwill 3,215,696 3,215,696 Total Assets $3,223,394 $3,223,213 CURRENT LIABILITIES Accrued expenses $1,373,607 $528,174 Loans payable to investors-current portion - 6,465 Notes payable, net of derivative liability 2,122,803 1,579,651 Notes payable- PureSafe, Inc.

• ASSETS Current Assets: Cash and cash equivalents $0.00 Total Current Assets 0.00 TOTAL ASSETS $0.00 LIABILITIES AND MEMBER’S EQUITY Liabilities $0.00 Member’s Equity: $0.00 TOTAL LIABILITIES AND MEMBER’S EQUITY $0.00 See accompanying Independent Auditor’s Report and accompanying notes, which are an integral part of these financial statements.

More Definitions of Total Current Assets

Total Current Assets means cash, marketable securities, accounts receivable, inventory (including prepaid inventory), prepaid expenses and other current items as reflected in the line item entitled “Total Current Assets” on the consolidated balance sheet of the Company and its subsidiaries that will be converted into cash within 12 months of the date of such consolidated balance sheet, calculated on a net basis consistent with the Company’s past practice with respect to calculation of “Total Current Assets.”

Total Current Assets means, for any Person, all assets of such Person that, in accordance with GAAP, would be classified as current assets on the balance sheet of a company conducting a business the same as or similar to that of such Person.

Total Current Assets shall have the meaning set forth in Schedule 1.01(g) attached hereto.

Total Current Assets means as of any date the total current assets of Borrower consisting solely of cash, Inventory and Accounts, net of reserves and allowances, on such date as reflected on the balance sheet of Borrower on such date.

Total Current Assets means the total current assets of the Company and its Subsidiaries, determined in accordance with GAAP applied on a consistent basis with past practice of the Company.

Total Current Assets and "Total Current Liabilities" shall mean the combined total current assets and combined total current liabilities determined in accordance with GAAP (it being understood that (a) (i) cash (on hand or in banks) and cash equivalents, (ii) pension liabilities, other post-retirement and post-employment liabilities, (iii) Shortfall Liability, and (iv) amounts attributable to current and deferred Income Taxes for all periods prior to the Closing Date for which Seller is liable under Section 1.6, collectively, shall be excluded in determining Total Current Assets and Total Current Liabilities, (b) current assets (other than accounts receivable) and liabilities relating to any Contracts of the Business that are not Assumed Contracts shall be excluded from the determination of Total Current Assets and Total Current Liabilities, (c) accrued current liabilities for workers' compensation and incurred but not reported medical claims shall be included as a liability in the determination of Total Current Liabilities and (d) the amount of early termination fees collected by Seller prior to the Closing Date pursuant to any Telecom Contract terminated by the customer between the date of this Agreement and the Closing Date (as reduced by any portion thereof used to satisfy any outstanding accounts receivable of such customer) shall be included as a current liability in the determination of Total Current Liabilities), respectively, of the Business, using the same methodologies (including the same bases for judgments except to reflect changes in specific identifiable events, facts and circumstances), practices, accounting applications and assumptions, including actuarial estimates, as used in determining the Target Amount. The Total Current Assets and Total Current Liabilities shall not include any Excluded Assets or Excluded Liabilities, respectively. The Parties agree that the adjustment contemplated by this Section 1.4 is intended to show the change in Working Capital (subject to the above adjustments) as of the Closing Date from the Target Amount, and that such change may only be measured if the calculation is done in accordance with the preceding sentence. The scope of the disputes to be resolved by the Accounting Firm is limited to whether such calculations were done in accordance with the foregoing provisions of this Section 1.4 or whether there were mathematical errors in the Statement of Working Capital. The calculation of the Target Amount is set forth in Schedule ...

Total Current Assets means the sum of (a) cash, (b) accounts receivable outstanding for 60 days or fewer from their invoice date (c) prepaid expenses, each as determined in accordance with GAAP, consistently applied with the Company’s past practices.