Quarterly report pursuant to Section 13 or 15(d)

FINANCE LEASE OBLIGATIONS (Tables)

v3.21.2
FINANCE LEASE OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2021
FINANCE LEASE OBLIGATIONS (Tables) [Line Items]  
Finance Lease, Liability, Fiscal Year Maturity [Table Text Block] At September 30, 2021 future payments under finance leases are as follows:
   

September 30, 2021

 

Remainder of 2021

  $ 57,144  

2022

    162,382  

2023

    111,438  

2024

    42,156  

Total minimum lease payments

    373,120  

Less amounts representing interest

    (28,330

)

Present value of net minimum lease payments

    344,790  

Less current portion

    (170,670

)

Long-term finance lease obligation

  $ 174,120  
Finance and Capital Lease Obligations [Member]  
FINANCE LEASE OBLIGATIONS (Tables) [Line Items]  
Lease, Cost [Table Text Block] The related obligations are based upon the present value of the future minimum lease payments with the following:
   

September 30,

2021

   

December 31, 2020

 

Weighted average remaining lease term

    2.13       1.31  

Weighted average interest rate

    6.8

%

    5.6

%