Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE (Tables)

v3.20.1
OPERATING LEASE (Tables)
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Schedule of Operating Lease
               
Asset Balance Sheet Classification   March 31, 2020   December 31, 2019
Operating lease asset Right of use asset   $ 75,175   $ 85,077
Total lease asset     $ 75,175   $ 85,077
               
Liability              
Operating lease liability – current portion Current operating lease liability   $ 41,976   $ 40,806
Operating lease liability – noncurrent portion Long-term operating lease liability     34,564     45,632
Total lease liability     $ 76,540   $ 86,438
Schedule of Lease obligations

Lease obligations at March 31, 2020 consisted of the following:

     
For the year ended December 31:  
2020 $ 34,691
2021   47,644
Total payments $ 82,335
Amount representing interest $ (5,795)
Lease obligation, net   76,540
Less current portion   (41,976)
Lease obligation – long term $ 34,564