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NOTE 9: LEASES: Schedule of Future Minimum Lease Payments, Operating Leases (Tables)
6 Months Ended
Jun. 30, 2021
Tables/Schedules  
Schedule of Future Minimum Lease Payments, Operating Leases

The following is a summary of future minimum lease payments and related liabilities for all non-cancelable operating leases maturing as of June 30:

 

 

 

Operating

Leases

 

2021

 

$

40,500

 

2022

 

 

54,000

 

2023

 

 

54,000

 

2024

 

 

55,215

 

Thereafter

 

 

1,935

 

Total minimum lease payments including interest

 

 

205,650

 

Less: Amounts representing interest

 

 

(35,097

Present value of minimum lease payments

 

 

170,552

 

Less:  Current portion of lease liabilities

 

 

(38,686

Non-current portion of lease liabilities

 

$

131,866

 

 

 

 

 

 

Cash payments on lease liabilities

 

$

217,620

 

Weighted average remaining lease term

 

4 year

 

Weighted average discount rate

 

 

10

%