Quarterly report pursuant to Section 13 or 15(d)

FINANCE AND CAPITAL LEASE OBLIGATIONS (Tables)

v3.20.2
FINANCE AND CAPITAL LEASE OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2020
FINANCE AND CAPITAL LEASE OBLIGATIONS (Tables) [Line Items]  
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
At June 30, 2020 future payments under finance leases are as follows:


Remainder of 2020

  $ 83,138  

2021

    125,591  

2022

    57,584  

2023

    6,640  

Total minimum lease payments

    272,953  

Less amounts representing interest

    (14,632

)

Present value of net minimum lease payments

    258,321  

Less current portion

    (136,861

)

Long-term finance lease obligation

  $ 121,460  
Finance and Capital Lease Obligations [Member]  
FINANCE AND CAPITAL LEASE OBLIGATIONS (Tables) [Line Items]  
Lease, Cost [Table Text Block]
The related obligations are based upon the present value of the future minimum lease payments with the following:


   

June 30, 2020

 

Weighted average remaining lease term

    1.95  

Weighted average interest rate

    5.36

%