Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Lease commitments

v3.20.2
Note 15 - Lease commitments
6 Months Ended
Jun. 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 June 30,

 

Finance leases

 

Operating leases

2021

$

58,942

$

161,441

2022

 

64,268

 

64,399

2023

 

57,877

 

968

2024

 

20,422

 

-

2025

 

8,233

 

-

Total

 

209,742

 

226,808

Less: Current maturities

 

58,942

 

161,441

Long-term liability

$

150,800

$

65,367