Annual report pursuant to Section 13 and 15(d)

AMAK Commitments and Contingencies (Tables)

v3.20.4
AMAK Commitments and Contingencies (Tables) - AMAK
12 Months Ended
Dec. 31, 2020
Loss Contingencies [Line Items]  
Operating leases, future minimum rental payments
A summary of these commitments are as follows:
Years Ending
December 31,
2020 247,500 
2021 990,000 
2022 990,000 
2023 550,000 
2024 550,000 
2025 110,000 
Thereafter 990,000 
4,427,500 
Schedule of Future Minimum Lease Payments for Capital Leases The future minimum lease payments under the capital lease obligations as of September 30, 2020:
2020 723,727 
2021 2,791,921 
2022 1,482,543 
Total minimum lease payments 4,998,191 
Less deferred financial charges (496,193)
Total capital lease obligations 4,501,998 
Less: current portion of capital lease obligations 2,479,480 
Total long term portion, net current portion 2,022,518