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OPERATING LEASES
3 Months Ended
Dec. 31, 2021
Disclosure Text Block [Abstract]  
Lessee, Operating Leases [Text Block]

NOTE 8 – OPERATING LEASES

 

The Company leases a lot which is located in Oceano and is leased at $3,575 per month.  The lease has converted to a month-to-month lease; however, the lessor is considering a long-term renewal at this time.  

 

The company has a five-year lease obligation for a copier.  Rental expense under this operating lease is $384 per month.  Future minimum lease payments under this obligation are as follows:

 

For the Twelve Months Ending December 31,

2021

$

4,608

2022

 

768

$

5,376

Rent expense under these agreements was $12,565 and $11,967 for the three months ended December 31, 2021 and 2020, respectively.