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Operating Lease Right-Of-Use Assets and Operating Lease Liabilities (Tables)
6 Months Ended
Jun. 30, 2020
Operating Lease And Right-of-use Assets And Operating Lease Liabilities  
Schedule of right-of- use assets

Right-of-use assets at June 30, 2020 are summarized below:

 

    June 30, 2020  
    (Unaudited)  
Office lease (remaining lease term of 3 months)   $ 22,575  
Less accumulated amortization     (22,575 )
Right-of-use assets, net   $ -  

 

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:

 

    June 30, 2020  
    (Unaudited)  
Office lease   $ -  
Less: current portion     -  
Long term portion   $ -  

 

Operating Lease liabilities are summarized below:

 

    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:

 

Six month period ended June 30, 2020   $ -  
Less: Present value discount     -  
Lease liability   $ -  

 

Maturity of lease liabilities are as follows:

 

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