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LEASE LIABILITIES - FINANCING LEASES
3 Months Ended
Mar. 31, 2021
Disclosure Text Block [Abstract]  
Lessee, Finance Leases [Text Block]

14. LEASE LIABILITIES - FINANCING LEASES


   

March 31,

2021

   

December 31,

2020

 
                 

Financing lease obligation under a lease agreement for warehouse furniture and equipment truck dated October 14, 2020 in the original amount of $514,173 payable in sixty monthly installments of $9,942 including interest at the rate of 6.01%. During the three months ended March 31, 2021, the Company made principal and interest payments on this lease obligation in the amount of $22,552 and $7,274, respectively.

  $ 469,405     $ 491,957  
                 

Financing lease obligation under a lease agreement for a truck dated March 31, 2020 in the original amount of $152,548 payable in eighty-four monthly installments of $2,188 including interest at the rate of 5.44%. During the three months ended March 31, 2021, the Company made principal and interest payments on this lease obligation in the amounts of $4,716 and $1,847, respectively. During the three months ended March 31, 2020, the Company made principal and interest payments on this lease obligation in the amounts of $1,496 and $692, respectively.

    132,562       137,278  
                 

Financing lease obligation under a lease agreement for a truck dated November 5, 2018 in the original amount of $128,587 payable in seventy monthly installments of $2,326 including interest at the rate of 8.33%. During the three months ended March 31, 2021, the Company made principal and interest payments on this lease obligation in the amounts of $5,182 and $1,795, respectively. During the three months ended March 31, 2020, the Company made principal and interest payments on this lease obligation in the amounts of $4,769 and $2,208, respectively. 

    82,732       87,914  
                 

Financing lease obligation under a lease agreement for a truck dated August 23, 2019 in the original amount of $80,413 payable in eighty-four monthly installments of $1,148 including interest at the rate of 5.0%. During the three months ended March 31, 2021, the Company made principal and interest payments on this lease obligation in the amounts of $2,618 and $826, respectively. During the three months ended March 31, 2020, the Company made principal and interest payments on this lease obligation in the amounts of $2,489 and $953, respectively. 

    64,374       66,992  
                 

Total

  $ 749,073     $ 784,141  
                 

Current portion

  $ 145,820     $ 146,004  

Long-term maturities

    603,253       638,137  

Total

  $ 749,073     $ 784,141  

Aggregate maturities of lease liabilities – financing leases as of March 31, 2021 are as follows:


For the period ended March 31, 


2022

  $ 145,820  

2023

    143,253  

2024

    164,417  

2025

    156,490  

2026

    109,912  

Thereafter

    29,181  

Total

  $ 749,073