Annual report pursuant to Section 13 and 15(d)

Lease commitments

v3.23.1
Lease commitments
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
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
Year ending December 31,
  Finance leases     Operating leases  
2023     270,911       83,376  
2024     240,983       86,091  
2025     205,655       88,917  
2026     123,513       91,860  
2027     56,786       78,702  
Total     897,849       428,946  
                 
Less: Present value discount     (89,939 )     (58,782 )
Total lease liabilities   $ 807,910     $ 370,164