CAPITAL LEASE OBLIGATION

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Capital Lease Obligations [Abstract]

CAPITAL LEASE OBLIGATION

NOTE 5 – CAPITAL LEASE OBLIGATION

The Company's machinery under a capital lease, which is included in machinery and equipment is summarized as follows:

Machinery and Equipment	$	61,083
Less: Accumulated Depreciation		(28,023	)
	$	33,060

Future minimum principal and interest payments under the capital lease agreements as of December 31, 2020, are as follows:

2021	$	7,280
2022		7,280
2023		1,215
Less: Amount representing interest		(887	)
Present value of future minimum lease payments		14,888
Less: current portion		(6,648	)
	$	8,240

NOTE 5 - CAPITAL LEASE OBLIGATION

The Company's machinery under a capital lease, which is included in machinery and equipment is summarized as follows:

Machinery and Equipment	$	39,583
Less: Accumulated Depreciation		(20,205	)
	$	19,378

Future minimum principal and interest payments under the capital lease agreements as of December 31, 2019, are as follows:

2020	$	7,280
2021		7,280
2022		7,280
2023		1,489
Less: Amount representing interest		(1,737	)
Present value of future minimum lease payments		21,592
Less: current portion		(6,380	)
	$	15,212