CAPITAL LEASE OBLIGATIONS

3 Months Ended

Dec. 31, 2018

Disclosure Text Block Supplement [Abstract]

Debt and Capital Leases Disclosures [Text Block]

NOTE 5 – CAPITAL LEASE OBLIGATIONS

At December 31, 2018, September 30, 2018, and December 31, 2017, capital lease obligations consisted of the following:

	December 31, 2018		September 30, 2018		December 31, 2017
A 2013 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,046, including interest at 4.751% per annum, through April 2019.	$	4,144	$	7,210	$	16,191
A security system for Lot-K leased from RLC Funding, payable in monthly installments of $1,295, including interest at 13.537% per annum, through October 2018.		-		1,280		12,181
A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.532% per annum, through January 2023.		49,837		52,600		60,702
A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.644% per annum, through September 2024.		67,467		70,012		77,472
A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.181% per annum, through May 2025.		75,257		77,800		-
		196,705		208,902		166,546
Less current portion		(36,437)		(40,426)		(45,098)
Total capital lease obligations	$	160,268	$	168,476	$	121,448

At December 31, 2018, future minimum payments on capital lease obligations were as follows:

For the Twelve Months Ending December 31,
2019	$	44,361
2020		40,176
2021		40,176
2022		40,176
2023		27,900
Thereafter		29,016
Present value of future minimum payments		221,805
Less amount representing interest		(25,100)
		196,705
Less current portion of capital lease obligations		(36,437)
Total capital lease obligations, net of current portion	$	160,268