Quarterly report pursuant to Section 13 or 15(d)

Operating Lease Right-Of-Use (ROU) Assets and Operating Lease Liabilities (Tables)

v3.20.2
Operating Lease Right-Of-Use (ROU) Assets and Operating Lease Liabilities (Tables)
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements [Abstract]
Schedule of right-of-use asset

September 30,

2020

December 31,
2019
Office leases right of use assets $ 74,296 $ 74,296
Less: accumulated amortization (39,979 ) (4,488 )
Balance of ROU assets $ 34,317 $ 69,808
Schedule of operating lease liabilities related to the ROU assets

September 30,

2020

December 31,
2019
Lease liabilities related to office leases right of use assets $ 34,762 $ 69,852
Less: current portion of lease liabilities (34,762 ) (47,636 )
Lease liabilities – long-term $ - $ 22,216
Schedule of future minimum base lease payments due under non-cancelable operating leases
Amount
Year Ended June 30, 2021 $ 36,352
Total minimum non-cancelable operating lease payments 36,352
Less: discount to fair value (1,590 )
Total lease liability at September 30, 2020 $ 34,762