Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental cash flow information

Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows paid for operating lease   $ -  
Right-of-use asset obtained in exchange for lease obligation:        
Operating lease   $ 185,401  
Schedule of supplemental balance sheet information

Operating Lease:      
Operating lease right-of-use asset   $ 185,401  
         
Current portion of operating lease liability   $ 88,379  
Long-term operating lease liability     115,022  
Total operating lease liability   $ 203,401  
         
Weighted Average Remaining Lease Term (in years):        
Operating lease     2.75  
         
Weighted Average Discount Rate:        
Operating lease     5.0 %
Schedule of maturity of lease liability

For the Year Ending March 31:   Operating Lease  
2021   $ 72,000  
2022     72,000  
2023     54,000  
2024 and thereafter     -  
Total lease payments     198,000  
Amount of lease payments representing interest     (12,599 )
Total present value of operating lease liability   $ 185,401