FINANCING LEASE OBLIGATION

12 Months Ended

Dec. 31, 2022

Financing Lease Obligation

FINANCING LEASE OBLIGATION

NOTE 6 – FINANCING LEASE OBLIGATION

The Company’s future minimum principal and interest payments under a financing lease for machinery and equipment are as follows:

For the years ending December 31,
2023	$	51,716
2024		48,145
2025		48,145
2026		48,145
2027		36,109
Total lease payments		232,261
Less: Amount representing interest		(40,479	)
Present value of future minimum lease payments		191,782
Less: current portion		(33,712	)
Financing lease obligations, net of current		158,070