FINANCING LEASE OBLIGATION

3 Months Ended

Mar. 31, 2023

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:

Schedule of future minimum principal and interest payments under capital lease arrangements
2023 (9 months)	$	47,949
2024		54,901
2025		54,901
2026		49,260
2027		36,109
Total lease payments		243,120
Less: Amount representing interest		(34,641	)
Present value of future minimum lease payments		208,479
Less: current portion		(47,608	)
Financing lease obligations, net of current	$	160,871