OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2020

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

Schedule of right-of- use assets

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

	September 30, 2020
	(Unaudited)
Office lease (remaining lease term of 3 months)	$	48,957
Less accumulated amortization		(3,441	)
Right-of-use assets, net	$	45,516

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:

	September 30, 2020
	(Unaudited)
Office lease	$	45,658
Less: current portion		(14,187	)
Long term portion	$	31,471

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:

Year ended December 31, 2020	$	4,459
Year ended December 31, 2021		18,103
Year ended December 31, 2022		18,641
Year ended December 31, 2023		11,801
Total future minimum lease payments		52,284
Less: Present value discount		(6,626	)
Lease liability	$	45,658