XML 43 R34.htm IDEA: XBRL DOCUMENT v3.22.1
EQUIPMENT LOANS (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
SCHEDULE OF EQUIPMENT LOANS

Equipment loans consists of the following:

 

   December 31, 2021   December 31, 2020 
         
Various notes payable to banks and financial institutions with interest rates varying from 0.00% to 13.89%, collateralized by equipment with monthly payments ranging from $400 to $11,600 through 2025:  $5,268,500   $5,595,500 
Book value of collateralized equipment:  $7,229,000   $6,475,600 
SCHEDULE OF FUTURE EQUIPMENT LOAN MATURITIES

Future equipment loan maturities are as follows:

 

For the year ended December 31:

 

    2021 
2022  $1,887,800 
2023   1,738,300 
2024   1,491,700 
2025   150,700 
2026    
Equipment loan  $5,268,500