LEASES (Tables)

6 Months Ended

Jun. 30, 2021

Leases

SUMMARY OF RIGHT-OF-USE ASSET AND LEASE LIABILITY

The table below summarizes the right-of-use asset and lease liability for the six months ended June 30, 2021:

	June 30, 2021
Right of Use Assets
Balance at December 31, 2020	$	483,113
Depreciation		(151,550	)
Balance at June 30, 2021	$	331,563
Lease Liability
Balance at December 31, 2020	$	483,113
Lease interest expense		14,590
Payments		(166,140	)
Balance at June 30, 2021	$	331,563
Short-term portion	$	160,115
Long-term portion		171,448
Total	$	331,563

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

Undiscounted rent payments for the next five years are as follows:

2021	$	121,760
2022		67,320
2023		66,180
2024		59,520
2025		61,020
Total	$	375,800
Impact of discounting		44,237
Lease liability, June 30, 2021	$	331,563