Related Party Transactions |
12 Months Ended |
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Dec. 31, 2021 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions |
Note 11 - Related Party Transactions
Finance Lease Obligations – Related Party
During the year ended December 31, 2021, the Company entered into one related party finance lease obligations. See Note 5 for details.
Nexxis Capital LLC
Charles M. Piluso (Chairman and CEO) and Harold Schwartz (President) collectively own 100% of Nexxis Capital LLC (“Nexxis Capital”). Nexxis Capital was formed to purchase equipment and provide leases to Nexxis Inc.’s customers. No lease obligations exist between the Company and Nexxis Capital.
The Company received funds of $14,209 and $37,954 during the year ended December 31, 2021 and 2020 respectively.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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