LEASES

12 Months Ended

Dec. 31, 2024

LEASES

LEASES

NOTE 6 – LEASES

Boston Solar was acquired on April 21, 2022 and has fixed rate non-cancelable operating lease agreements for office, warehouse, and parking real estate, vehicles, and tools. Monthly operating lease payments for real estate range between $4,789 and $20,231 and end in September 2027. Vehicle lease payments range from $594 to $1,338 per month and end March 2029. Tools lease payments range from $3 to $1,285 per month and end December 2028.

 Future minimum lease payments are as follows: 

	Year Ending
	December 31
2025	$	510,870
2026		501,904
2027		360,320
2028		106,570
2029		11,950
Total		1,491,614
Less: Interest		(99,846	)
Present value of lease liabilities		1,391,768
Less: Current portion		(422,589	)
Lease liability, net of current portion	$	969,179