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

3 Months Ended

Mar. 31, 2021

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

Schedule of right-of- use assets

Right-of-use assets at March 31, 2021 and December 31, 2020 are summarized below:

	March 31, 2020			December 31, 2020
Office lease	$	48,957		$	48,957
Less accumulated amortization		(10,575	)		(6,966	)
Right of use assets, net	$	38,382		$	41,991

Schedule of operating lease liabilities

Operating Lease liabilities are summarized below:

	March 31, 2020			December 31, 2020
Office lease	$	38,806		$	42,274
Less: current portion		(15,185	)		(14,680	)
Long term portion	$	23,621		$	27,594

Maturity of lease liabilities

Maturity of lease liabilities are as follows:

Year ended December 31, 2021	$	13,643
Year ended December 31, 2022		18,641
Year ended December 31, 2023		11,081
Total future minimum lease payments		43,365
Less: Present value discount		(4,559	)
Lease liability	$	38,806