CAPITAL LEASE OBLIGATIONS

3 Months Ended

Dec. 31, 2021

Debt and Capital Leases Disclosure [Abstract]

Debt and Capital Leases Disclosure [Text Block]

NOTE 5 – CAPITAL LEASE OBLIGATIONS

At December 31, 2021, September 30, 2021, and December 31, 2020, capital lease obligations consisted of the following:

	December 31, 2021		September 30, 2021		December 31, 2020
A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,167, including interest at 4.532% per annum, through December 2022.	$	13,046	$	16,373	$	26,104
A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,154, including interest at 4.644%per annum, through August 2024.		33,715		36,762		45,666
A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,162, including interest at 4.181% per annum, through March 2025.		41,647		44,677		53,537
A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,152, including interest at 4.101% per annum, through September 2025.	$	48,481	$	51,419	$	60,054
A 2020 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,166, including interest at 5.406% per annum, through May 2027.		65,575		68,164		75,723
		202,464		217,395		261,084
Less current portion		(60,807)		(60,757)		(58,398)
Total capital lease obligations	$	141,657	$	156,638	$	202,686

At December 31, 2021, future minimum payments on capital lease obligations were as follows:

For the Twelve Months Ending December 31,
2022	$	68,967
2023		55,612
2024		49,912
2025		27,673
2026		13,992
Thereafter		5,830
Present value of future minimum payments		221,986
Less amount representing interest		(19,522)
		202,464
Less current portion of capital lease obligations		(60,807)
Total capital lease obligations, net of current portion	$	141,657