Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.22.1
Related Party Transactions
3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

Note 9 - Related Party Transactions

 

Finance Lease Obligations - Related Party

 

During the three months ended March 31, 2022, 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. The Company received funds of $2,328 and $3,968 during the three months ended March 31, 2022 and 2021 respectively.