Note 6 - Finance Lease

3 Months Ended

Mar. 31, 2019

Notes

Note 6 - Finance Lease

NOTE 6 – Finance lease

The Company purchased motor vehicles under a finance lease agreement, with principal and interest payable monthly. The obligation under the finance lease is as follows:

	As of
	March 31, 2019		December 31, 2018
Finance lease	$	85,214	$	89,634
Less: interest expense		(6,757)		(7,571)
Net present value of finance lease	$	78,457	$	82,063
Current portion	$	19,632	$	19,128
Non-current portion		58,825		62,935
Total	$	78,457	$	82,063