Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

Related Party Transactions
12 Months Ended
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.