Annual report pursuant to Section 13 and 15(d)

OPERATING LEASE (Tables)

v3.20.1
OPERATING LEASE (Tables)
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Schedule of Operating Lease
Asset   Balance Sheet Classification   December 31, 2019
Operating lease asset   Right of use asset   $ 85,077  
Total lease asset       $ 85,077  
             
Liability            
Operating lease liability – current portion   Current operating lease liability   $ 40,806  
Operating lease liability – noncurrent portion   Long-term operating lease liability     45,632  
Total lease liability       $ 86,438  
Schedule of Lease obligations

Lease obligations at December 31, 2019 consisted of the following:

 

For the year ended December 31:    
2020   $ 46,255  
2021     47,642  
Total payments   $ 93,897  
Amount representing interest   $ (7,459 )
Lease obligation, net     86,438  
Less current portion     (40,806 )
Lease obligation – long term   $ 45,632