Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE (Tables)

v3.20.2
OPERATING LEASE (Tables)
 9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Schedule of Operating Lease
Asset   Balance Sheet Classification   September 30, 2020   December 31, 2019
Operating lease asset   Right of use asset   $ 54,777     $ 85,077  
Total lease asset       $ 54,777     $ 85,077  
                     
Liability                    
Operating lease liability – current portion   Current operating lease liability   $ 44,389     $ 40,806  
Operating lease liability – noncurrent portion   Long-term operating lease liability     11,752       45,632  
Total lease liability       $ 56,141     $ 86,438  
Schedule of Lease obligations

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

 

For the year ended December 31:    
2020   $ 11,564  
2021     47,643  
Total payments   $ 59,207  
Amount representing interest   $ (3,066 )
Lease obligation, net     56,141  
Less current portion     (44,389 )
Lease obligation – long term   $ 11,752