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FINANCE LEASES (Tables)
3 Months Ended
Mar. 31, 2022
FINANCE LEASES  
Schedule Of The Net Book Value Of The Finance Lease

Assets

 

March 31,

2022

 

Leased equipment under finance lease,

 

$108,622

 

less accumulated amortization

 

 

(100,430)

Net

 

$8,192

 

Liabilities

 

March 31,

2022

 

Obligations under finance lease (current)

 

$13,826

 

Obligations under finance lease (noncurrent)

 

 

1,631

 

Total

 

$15,457

 

Schedule Of Reconciliation Of Leases

 

 

Finance Leases

 

Leased asset balance

 

$8,192

 

Liability balance

 

 

15,457

 

Cash flow (operating)

 

 

-

 

Cash flow (financing)

 

 

-

 

Interest expense

 

$257

 

Schedule Of Future Minimum Lease Payments

Years ended December 31

 

Finance Leases

 

2022

 

 

13,467

 

2023

 

 

3,041

 

Thereafter

 

 

-

 

Total

 

 

16,508

 

Less: Imputed Interest

 

 

(1,051)

Total Liability

 

 

15,457

 

Schedule Of Other Information Related To Leases

Lease Type

 

Weighted Average Remaining Term

 

Weighted Average Discount Rate (1)

 

Finance Leases

 

1.01 years

 

 

17%