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CAPITAL LEASES (Tables)
12 Months Ended
Dec. 31, 2021
FINANCE LEASES  
Schedule of the net book value of the finance lease

Assets

 

December 31,

2021

 

Leased equipment under finance lease,

 

$108,622

 

less accumulated amortization

 

 

(98,602 )

Net

 

$10,020

 

Liabilities

 

December 31,

2021

 

Obligations under finance lease (current)

 

$18,169

 

Obligations under finance lease (noncurrent)

 

 

2,414

 

Total

 

$20,583

 

Schedule of reconciliation of leases

 

 

Finance Leases

 

Leased asset balance

 

$20,583

 

Liability balance

 

$20,583

 

Cash flow (operating)

 

$-

 

Cash flow (financing)

 

$-

 

Interest expense

 

$12,680

 

Schedule of future minimum lease payments

Years ended December 31

 

Finance Leases

 

 

 

 

 

2022

 

 

18,840

 

2023

 

 

3,041

 

Thereafter

 

 

-

 

Total

 

 

21,881

 

Less: Imputed Interest

 

 

(1,298 )

Total Liability

 

 

20,583

 

Schedule of other information related to leases

Lease Type

 

Weighted

Average Remaining

Term

 

Weighted

Average

Discount

Rate (1)

 

Finance Leases

 

1.04 years

 

 

17%