Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Lease commitments

v3.20.2
Note 15 - Lease commitments
9 Months Ended
Sep. 30, 2020
Notes  
Note 15 - Lease commitments

Note 15 – 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

2021

$

71,616

$

153,602

2022

 

78,629

 

29,739

2023

 

61,332

 

-

2024

 

32,549

 

-

2025

 

13,493

 

-

Total

 

257,619

 

183,341

Less: Current maturities

 

71,616

 

153,602

Long-term liability

$

186,003

$

29,739