Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 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   $ 30,000  
Right-of-use asset obtained in exchange for lease obligation:        
Operating lease   $ 169,578  

Schedule of supplemental balance sheet information

Operating Lease:      
Operating lease right-of-use asset   $ 169,578  
         
Current portion of operating lease liability   $ 76,379  
Long-term operating lease liability     99,199  
Total operating lease liability   $ 175,578  
         
Weighted Average Remaining Lease Term (in years):        
Operating lease     2.5  
         
Weighted Average Discount Rate:        
Operating lease     5.0 %

Schedule of maturity of lease liability

For the Year Ending June 30:   Operating Lease  
2021   $ 72,000  
2022     72,000  
2023     36,000  
2024 and thereafter     -  
Total lease payments     180,000  
Amount of lease payments representing interest     (10,422 )
Total present value of operating lease liability   $ 169,578