Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE (Tables)

v3.20.2
OPERATING LEASE (Tables)
 6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Schedule of Operating Lease
Asset Balance Sheet Classification   June 30, 2020   December 31, 2019
Operating lease asset Right of use asset   $ 65,078   $ 85,077
Total lease asset     $ 65,078   $ 85,077
               
Liability              
Operating lease liability – current portion Current operating lease liability   $ 43,171   $ 40,806
Operating lease liability – noncurrent portion Long-term operating lease liability     23,271     45,632
Total lease liability     $ 66,442   $ 86,438
Schedule of Lease obligations

Lease obligations at June 30, 2020 consisted of the following:

For the year ended December 31:      
2020     $ 23,128
2021       47,643
Total payments     $ 70,771
Amount representing interest     $ (4,329)
Lease obligation, net       66,442
Less current portion       (43,171)
Lease obligation – long term     $ 23,271