General form of registration statement for all companies including face-amount certificate companies

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.1
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Future minimum lease payments for non-cancelable operating leases

At December 31, 2020, future minimum lease payments due under Operating Leases are as follows:


As of December 31,

Amount

 

2021

 

$

213,568

 

Total minimum operating lease payments

 

 

213,568

 

Less:  interest

 

 

(10,771

)

Total lease liability at December 31, 2020

 

$

202,797

Operating leases

Rental expense for operating leases during 2020 and 2019 was $21,341 and $12,104, respectively.


 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

FP Mailing

 

$

375

 

 

$

372

 

Brewsmart Beverage/A. Antique Coffee Services

 

 

320

 

 

 

235

 

New Lane

 

 

1,800

 

 

 

500

 

Canon

 

 

10,144

 

 

 

10,997

 

Apple Financial Services

 

 

5,018

 

 

 

—

 

Ring Power

 

 

1,688

 

 

 

—

 

Ascentium Leasing

 

 

1,060

 

 

 

—

 

NFS Leasing

 

 

936

 

 

 

—

 

Total  rent expense

 

$

21,341

 

 

$

12,104