Annual report pursuant to Section 13 and 15(d)

Note 17 - Lease Commitments

v3.20.1
Note 17 - Lease Commitments
12 Months Ended
Dec. 31, 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

 

 

 

 

December 31,

 

Finance leases

 

Operating leases

2020

$

41,675

$

184,436

2021

 

45,584

 

124,750

2022

 

49,861

 

16,150

2023

 

16,973

 

-

Total

 

154,093

 

325,336

Less: Current maturities

 

41,675

 

184,436

Long-term liability

$

112,418

$

140,900