Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary Of Right Of Use Lease Assets And Lease Liabilities



 

 

 

Right-of-Use Assets

 

$

 171,870 



 

 

 

Operating Lease Liabilities

 

 

 

    Current

 

$

 144,610 

    Long Term

 

 

 25,790 

Total Operating Lease Liabilities

 

$

 170,400 



Components Of Lease Expense



 

 

 

 



For the Three Months Ended
March 31,



2020

2019

Operating lease cost

$

 36,771 

$

 80,279 

Variable lease cost

 

 5,693 

 

 16,012 



 

 

 

 

Total Lease Cost

$

 42,464 

$

 96,291 



Scheduled Future Minimum Lease Payments



 

 

Year Ending December 31:

 

 

2020 (excluding the three months ended March 31, 2020)

$

 117,018 

2021

 

 65,364 

     Minimum lease payments

 

 182,382 

Less: Imputed interest

 

 (11,982)

     Present value of minimum lease payments

 

 170,400 

Less: current maturities of lease obligations

 

 (144,610)

     Long-term lease obligations

$

 25,790