Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Lease Commitments

v3.19.3
Note 17 - Lease Commitments
9 Months Ended
Sep. 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 for operating and finance leases:

 

Maturity of lease liabilities

 

 

 

 

12 months ending

September 30,

 

Finance leases

 

Operating leases

2020

$

 35,653

$

 191,491

2021

 

38,997

 

158,789

2022

 

42,655

 

33,946

2023

 

23,288

 

-

Total

 

140,593

 

384,226

Less: Current maturities

 

35,653

 

191,491

Long-term liability

$

 104,940

$

 192,735