v3.23.1
Finance Leases (Tables)
3 Months Ended
Mar. 31, 2023
Finance Leases  
Schedule of future minimum lease payments

2023

$

75,349

2024

 

49,859

Total minimum lease payments

 

125,208

Less amount representing interest

 

3,532

Present value of minimum lease payments

 

121,676

Less current portion

 

92,966

Finance lease obligations, net of current portion

$

28,710

Weighted average remaining lease term – finance leases

1.2

years

Weighted average discount rate – finance leases

4.29

%

Schedule of equipment under finance leases

    

March 31, 2023

    

Dec. 31, 2022

Machinery and equipment

$

385,923

$

385,923

Less accumulated depreciation and amortization

 

114,024

 

104,376

Net book value

$

271,899

$

281,547