Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental cash flow information
    Nine Months Ended
September 30,
 
    2021     2020  
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flows paid for operating lease   $ 94,456     $ 48,000  
Right-of-use assets obtained in exchange for lease obligation:                
Operating lease   $ 133,473     $ 201,028  

 

Schedule of lease term and discount rate for the Company’s operating lease
    Operating Lease  
Weighted average remaining lease term (in years)     1.33  
Weighted average discount rate     4.88 %

 

Schedule of maturity of lease liability
For the Twelve-month Period Ending September 30:   Operating Lease  
2022   $ 153,949  
2023     41,316  
2024 and thereafter    
-
 
Total lease payments     195,265  
Amount of lease payments representing interest     (5,459 )
Total present value of operating lease liabilities   $ 189,806  
         
Current portion   $ 148,749  
Long-term portion     41,057  
Total   $ 189,806