Annual report pursuant to Section 13 and 15(d)

FINANCE LEASE OBLIGATIONS (Tables)

v3.22.1
FINANCE LEASE OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2021
FINANCE LEASE OBLIGATIONS (Tables) [Line Items]  
Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]

At December 31, 2021, future payments under finance leases are as follows:

 

2022

  $ 188,314  

2023

    137,370  

2024

    61,607  

Total minimum lease payments

    387,291  

Less amounts representing interest

    (34,436

)

Present value of net minimum lease payments

    352,855  

Less current portion

    (166,571

)

Long-term capital lease obligation

  $ 186,284  
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:
   

December 31, 2021

   

December 31, 2020

 

Weighted average remaining lease terms

    2.10       1.31  

Weighted average interest rates

    7.9

%

    5.6

%