CAPITAL LEASE OBLIGATIONS

3 Months Ended

Dec. 31, 2019

Disclosure Text Block Supplement [Abstract]

Debt and Capital Leases Disclosures [Text Block]

NOTE 5 – CAPITAL LEASE OBLIGATIONS

At December 31, 2019, September 30, 2019, and December 31, 2018, capital lease obligations consisted of the following:

	December 31, 2019		September 30, 2019		December 31, 2018
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
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.		38,470		41,360		49,837
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.		56,986		59,652		67,467
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.		64,812		67,465		75,257
A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.101% per annum, through December 2025.		71,123		73,724		-
		231,391		242,201		196,705
Less current portion		(44,435)		(43,954)		(36,437)
Total capital lease obligations	$	186,956		198,247		160,268

At December 31, 2019, future minimum payments on capital lease obligations were as follows:

For the Twelve Months Ending December 31,
2020	$	53,568
2021		53,568
2022		53,568
2023		41,292
2024		36,828
Thereafter		18,972
Present value of future minimum payments		257,796
Less amount representing interest		(26,405)
		231,391
Less current portion of capital lease obligations		(44,435)
Total capital lease obligations, net of current portion	$	186,956