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FINANCIAL LEASE (Tables)
9 Months Ended
Sep. 30, 2021
FINANCE LEASE PAYABLE  
Schedule of capital leased asssets

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Motor vehicle

 

$257,394

 

 

$134,130

 

Less: accumulated depreciation

 

 

53,635

 

 

 

28,395

 

Net

 

 

203,759

 

 

 

105,735

 

Schedule of future minimum lease payments for capital leases

 

 

September 30,

 

 

December 31,

 

Periods

 

2021

 

 

2020

 

Repayable within 1 year

 

$36,391

 

 

$22,431

 

Repayable within 2 years

 

 

33,616

 

 

 

22,431

 

Repayable within 3 years

 

 

25,322

 

 

 

17,666

 

Repayable within 4 years

 

 

25,322

 

 

 

11,013

 

Repayable within 5 years

 

 

20,689

 

 

 

11,013

 

Thereafter

 

 

8,694

 

 

 

7,346

 

Total

 

 

150,034

 

 

 

91,900

 

After less Amount representing interest

 

 

12,336

 

 

 

9,823

 

Present value of lease payments - current

 

 

30,831

 

 

 

20,296

 

Present value of lease payments - non-current

 

 

106,867

 

 

 

61,781

 

Total present value

 

$137,698

 

 

$82,077