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Lease Liability
3 Months Ended
Mar. 31, 2020
Lease Liability  
NOTE 8. Lease Liability

The Company purchased a service vehicle under a finance lease agreement with the effective interest rate of 2.25% per annum, due through May 29, 2020, with principal and interest payable monthly.

 

Right of use assets and lease liability – right of use are as follows:

 

 

 

March 31,

2020

 

 

December 31, 2019

 

Right of use assets

 

$

44,445

 

 

$

47,508

 

 

The lease liability – right of use is as follows:

 

 

 

March 31,

2020

 

 

December 31, 2019

 

Lease liability - current

 

$

3,353

 

 

$

8,333