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