FINANCE LEASE OBLIGATIONS

3 Months Ended

Dec. 31, 2022

Disclosure Text Block [Abstract]

Lessee, Finance Leases [Text Block]

NOTE 5 – FINANCE LEASE OBLIGATIONS

At December 31, 2022, September 30, 2022, and December 31, 2021, finance lease obligations consisted of the following:

		December 31, 2022		September 30, 2022		December 31, 2021
A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,257, including interest at 4.532% per annum, through December 2024.	$	28,754	$	2,837	$	13,046
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.		21,167		24,358		33,715
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.		29,205		32,364		41,647
A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,151, including interest at 4.101% per annum, through December 2025.		36,420		39,482		48,481
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.		54,864		57,597		65,575
		170,410		156,638		202,464
Less current portion		(62,821)		(52,256)		(60,807)
Total finance lease obligations, net of current portion	$	107,589	$	104,382	$	141,657

At December 31, 2022, future minimum payments on finance lease obligations were as follows:

For the Twelve Months Ending December 31,
2023	$	70,696
2024		64,996
2025		27,673
2026		13,992
2027		5,830
Thereafter		-
Present value of future minimum payments		183,187
Less amount representing interest		(12,777)
		170,410
Less current portion of finance lease obligations		(62,821)
Total finance lease obligations, net of current portion	$	107,589