Annual report pursuant to Section 13 and 15(d)

Lease commitments

v3.22.1
Lease commitments
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Lease commitments

Note 14 – 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            
Year ending December 31,   Finance leases     Operating leases  
2022   $ 191,565     $ 43,365  
2023     163,086       12,500  
2024     144,591       -  
2025     106,263       -  
2026     28,687       -  
Total     634,192       55,865  
                 
Less: Present value discount     (51,212 )     (8,832 )
Total lease liabilities   $ 582,980     $ 47,033