General form of registration statement for all companies including face-amount certificate companies

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

v3.21.2
Operating Lease Right-Of-Use (Rou) Assets and Operating Lease Liabilities (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Disclosure Text Block [Abstract]    
Schedule of right-of-use asset
   

September 30,

2021

    December 31,
2020
 
Office leases right of use assets   $ 253,433     $ 74,296  
Less: accumulated amortization     (7,881 )     (52,524 )
Balance of ROU assets   $ 245,552     $ 21,772  

 

   

December 31,
2020

    December 31,
2019
 
Office leases right of use assets   $ 74,296     $ 74,296  
Less: accumulated amortization     (52,524 )     (4,488 )
Balance of ROU assets   $ 21,772     $ 69,808  

 

Schedule of operating lease liabilities related to the ROU assets
   

September 30,
2021

    December 31,
2020
 
Lease liabilities related to office leases right of use assets   $ 245,552     $ 22,216  
Less: current portion of lease liabilities     (39,879 )     (22,216 )
Lease liabilities – long-term   $ 205,673     $
-
 

 

   

December 31,

2020

    December 31,
2019
 
Lease liabilities related to office leases right of use assets   $ 22,216     $ 69,852  
Less: current portion of lease liabilities     (22,216 )     (47,636 ))
Lease liabilities – long-term   $
-
    $ 22,216  

 

Schedule of future minimum base lease payments due under non-cancelable operating leases
September 30,   Amount  
2022   $ 67,200  
2023     67,200  
2024     67,200  
2025     67,200  
2026     56,000  
Total minimum non-cancelable operating lease payments     324,800  
Less: discount to fair value     (79,248 )
Total lease liability on September 30, 2021   $ 245,552  
Year ended December 31,   Amount  
2021   $ 22,885  
Total minimum non-cancelable operating lease payments     22,885  
Less: discount to fair value     (669 )
Total lease liability on December 31, 2020   $ 22,216