Annual report pursuant to Section 13 and 15(d)

AMAK COMMITMENTS AND CONTINGENCIES (Tables)

v3.19.1
AMAK COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2018
Loss Contingencies [Line Items]  
Schedule of Future Minimum Property and Equipment Lease Payments
Future minimum property and equipment lease payments under the non-cancelable operating leases at December 31, 2018, are as follows:
Year Ending December 31,
 
 
(thousands of dollars)
2019
$
3,670

2020
3,583

2021
3,418

2022
3,107

2023
2,288

Thereafter
2,065

Total
$
18,131

AMAK  
Loss Contingencies [Line Items]  
Schedule of Future Minimum Property and Equipment Lease Payments
A summary of these commitments are as follows:

Years Ending
December 31,
 
 
 
2019
990,000

2020
990,000

2021
990,000

2022
990,000

2023
550,000

Thereafter
1,650,000

 
 
 
6,160,000

Schedule of Future Minimum Lease Payments for Capital Leases
The future minimum lease payments under the capital lease obligations are as follows for the years ending December 31,:

2019
250,526

2020
250,526

2021
147,558

Total minimum lease payments
648,610

Less deferred financial charges
(95,593
)
Total capital lease obligations
553,017

Less: current portion of capital lease obligations
193,206

Total long term portion, net current portion
359,811