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LONG TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2021

LONG TERM DEBT

Summary of lease expense

The components of lease expense were as follows:
		Three Months  Ended				Nine Months  Ended
		September 30,  2021				September 30,  2021
Operating lease cost		$	43,133			$	129,399
Short term lease cost			-				-
Total net lease cost		$	43,133			$	129,399
		Three Months  Ended				Nine Months  Ended
		September 30,  2020				September 30,  2020
Operating lease cost		$	43,133			$	129.399
Short term lease cost			-				-
Total net lease cost		$	43,133			$	129,399

Schedule of measurement of lease liabilities

		Nine Months  Ended
		September 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease payments			135,900
Weighted average remaining lease term (in years):			0.17

Summary of supplemental cash flow information

Long Term Debt		September 30, 2021				December 30, 2020
PPP Loan			397,500				198,750
Operating lease payable			14,377				225,054
Notes Payable – ICT (related party)			675,199				926,768
Total Debt			1,087,076				1,350,572
Less: Current Portion (operating lease payable)			(14,377	)			(181,199	)
Total Long-Term Debt			1,072,699				1,169,373

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Tabular disclosure of supplemental cash flow information for the periods presented.

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- Definition

Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41499-112717

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