Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental cash flow information
    Six Months ended
June 30,
 
    2021     2020  
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flows paid for operating lease   $ 65,035     $ 30,000  
Right-of-use assets obtained in exchange for lease obligation:                
Operating lease   $ 133,473     $ 169,578  

 

Schedule of lease term and discount rate for the Company’s operating lease
    Operating Lease  
Weighted average remaining lease term (in years)     1.58  
Weighted average discount rate     4.88 %

 

Schedule of maturity of lease liability
For the Twelve-month Period Ending June 30:   Operating Lease  
2022   $ 147,834  
2023     76,737  
2024 and thereafter    
-
 
Total lease payments     224,571  
Amount of lease payments representing interest     (7,790 )
Total present value of operating lease liabilities   $ 216,781  
         
Current portion   $ 140,978  
Long-term portion     75,803  
Total   $ 216,781