Operating Lease Right-Of-Use Assets and Operating Lease Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Operating Lease And Right-of-use Assets And Operating Lease Liabilities

Schedule of right-of- use assets

Right-of- use assets at March 31, 2020 are summarized below:

	March 31, 2020
	(Unaudited)
Office lease (remaining lease term of 3 months)	$	22,575
Less accumulated amortization		(18,391	)
Right-of-use assets, net	$	4,184

Right-of- use assets at December 31, 2019 are summarized below:

	December 31, 2019
Office lease (remaining lease term of 12 months)	$	22,575
Less accumulated amortization		(14,574	)
Right-of-use assets, net	$	8,001

Schedule of operating lease liabilities

Operating Lease liabilities are summarized below:

	March 31, 2020
	(Unaudited)
Office lease	$	4,223
Less: current portion		(4,223	)
Long term portion		-

 

	December 31, 2019
Office lease	$	8,079
Less: current portion		(8,079	)
Long term portion		-

Maturity of lease liabilities

Maturity of lease liabilities are as follows:

Year ending 2020	$	4,547
Less: Present value discount		(324	)
Lease liability	$	4,223

Year ending 2020	$	7,968
Plus: Present value discount		111
Lease liability	$	8,079