FINANCE AND CAPITAL LEASE OBLIGATIONS

3 Months Ended

Mar. 31, 2021

Disclosure Text Block [Abstract]

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

NOTE 7 – FINANCE LEASE OBLIGATIONS

The Company has entered into lease commitments for equipment that meet the requirements for capitalization. The equipment has been capitalized and is included in property and equipment in the accompanying unaudited condensed consolidated balance sheets.  The related obligations are based upon the present value of the future minimum lease payments with the following:

	March 31, 2021			December 31, 2020
Weighted average remaining lease term		1.59			1.31
Weighted average interest rate		4.66	%		5.6	%

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

	March 31, 2021
Remainder of 2021	$	118,556
2022		91,281
2023		40,036
2024		2,783
Total minimum lease payments		252,656
Less amounts representing interest		(16,675	)
Present value of net minimum lease payments		235,981
Less current portion		(146,531	)
Long-term finance lease obligation	$	89,450