Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.1
Operating Lease Right-Of-Use (Rou) Assets and Operating Lease Liabilities (Tables)
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements [Abstract]
Schedule of right-of-use asset

March 31,

2020

 December 31,
2019
Office leases right of use assets $ 74,296 $ 74,296
Less: accumulated amortization (15,971 ) (4,488 )
Balance of ROU assets $ 58,325 $ 69,808
Schedule of operating lease liabilities related to the ROU assets

March 31,

2020

 December 31,
2019
Lease liabilities related to office leases right of use assets $ 58,503 $ 69,852
Less: current portion of lease liabilities (49,483 ) (47,636 )
Lease liabilities – long-term $ 9,020 $ 22,216
Schedule of future minimum base lease payments due under non-cancelable operating leases
Year ended March 31, Amount
2021 $ 53,862
2022 9,154
Total minimum non-cancelable operating lease payments 63,016
Less: discount to fair value (4,513 )
Total lease liability at March 31, 2020 $ 58,503