Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 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   $ 48,000  
Right-of-use asset obtained in exchange for lease obligation:        
Operating lease   $ 201,028  
Schedule of supplemental balance sheet information
Operating Lease:      
Operating lease right-of-use asset   $ 153,556  
         
Current portion of operating lease liability   $ 76,379  
Long-term operating lease liability     83,177  
Total operating lease liability   $ 159,556  
         
Weighted Average Remaining Lease Term (in years):        
Operating lease     2.25  
         
Weighted Average Discount Rate:        
Operating lease     5.0 %
Schedule of maturity of lease liability
For the Year Ending September 30:   Operating Lease  
2021   $ 72,000  
2022     72,000  
2023     18,000  
2024 and thereafter     -  
Total lease payments     162,000  
Amount of lease payments representing interest     (8,444 )
Total present value of operating lease liability   $ 153,556