Equipment Loans

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Equipment Loans

5. EQUIPMENT LOANS

Consists of the following:

	December 31, 2020		December 31, 2019
Various notes payable to banks and financial institutions with interest rates varying from 0.00% to 14.41%, collateralized by equipment with monthly payments ranging from $400 to $11,600 through 2025:	$	5,595,500	$	3,476,800
Book value of collateralized equipment:	$	6,475,600	$	4,539,900

Future equipment loan maturities are as follows:

For the years ended December 31:

2021	$	1,495,300
2022		1,532,200
2023		1,345,300
2024		1,165,100
2025		57,600
	$	5,595,500