Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Lease Commitments

v3.19.2
Note 17 - Lease Commitments
6 Months Ended
Jun. 30, 2019
Notes  
Note 17 - Lease Commitments

Note 17 – Lease commitments

 

We have entered into non-cancellable operating and finance leases for office and warehouse space, computers, furniture, fixtures, machinery and vehicles, see Note 6. The following summarizes our lease liability maturities by fiscal year for operating and finance leases:

 

Maturity of lease liabilities

 

 

 

 

12 months ending June 30,

 

Finance leases

 

Operating leases

2020

$

31,597

$

195,999

2021

 

34,781

 

166,513

2022

 

38,043

 

69,947

2023

 

29,952

 

968

Total

 

134,373

 

433,427

Less: Current maturities

 

31,597

 

195,999

Long-term liability

$

102,776

$

237,428