The Company purchased motor vehicles under finance lease agreements with the effective interest rate 5.70% of per annum, with principal and interest payable monthly. The obligations under the finance lease are as follows:

	As of
	March 31,			December 31,
	2021			2020

Finance lease	$	54,440		$	63,703
Less: interest expense		(2,649	)		(3,363	)
Net present value of finance lease		51,791			60,340

Current portion		22,843			25,048
Non-current portion		28,948			35,292
Total	$	51,791		$	60,340