NOTE 13 - LEASES

Leases that are economically similar to the purchase of an asset are classified as finance leases. The leased, or right-of-use assets in finance lease arrangements are reported in net property, plant and equipment on our consolidated balance sheet. The following table lists our right-of-use assets and liabilities on our consolidated balance at:


	March 31, 2020
Finance lease:
Property, plant and equipment	$	54,376
Accumulated depreciation		35,344
Net property, plant and equipment	$	19,032
Current portion of long-term debt	$	11,848
Long-term debt	$	10,612
Total finance lease liabilities	$	22,460

Future payments for our finance lease follows in years 2021 and 2022 will be $13,200 and $11,000, respectively. The amount representing finance lease interest is $1,740. In December 2019, we signed an operating lease for office space that expires in less than 12 months and is amortized on a straight line basis. Other supplemental information regarding our leases are contained in the following tables:


Components of lease expense for the period ended:	March 31, 2020
Operating lease amortization	$	2,860
Finance lease amortization	$	10,875
Finance lease interest	$	2,249


Weighted average lease term and discount rate at:	March 31, 2020
Lease term (years)	2.00
Lease rate	7.9	%


Supplemental cash flow information related to leases for the period ended:	March 31, 2020
Cash used in operating activities	$	5,109
Cash used in financing activities	$	10,951