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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

 

Operating Leases   Classification   December 31, 2020     December 31, 2019  
Right-of-use assets   Operating lease assets   $ 446,981     $ 545,035  
                     
Current lease liabilities   Current operating lease liabilities   $ 107,691     $ 98,060  
Non-current lease liabilities   Long-term operating lease liabilities     339,290       446,975  
Total lease liabilities       $ 446,981     $ 545,035  

Summary of Operating Lease Liabilities

Lease term and discount rate were as follows:

 

    December 31, 2020     December 31, 2019  
Weighted average remaining lease term (years)     3.69       4.68  
Weighted average discount rate     5.91 %     5.91 %

Schedule of Lease Cost

The components of lease costs were as follows:

 

    December 31, 2020     December 31, 2019  
Operating lease cost   $ 127,650     $ 131,340  
Variable lease cost     5,729       4,160  
Total lease costs   $ 133,379     $ 135,500  

Schedule of Cash Flow Information Related to Leases

Supplemental disclosures of cash flow information related to leases were as follows:

 

    December 31, 2020     December 31, 2019  
Cash paid for operating lease liabilities   $ 127,654     $ 151,567  
Operating right of use assets obtained in exchange for operating lease liabilities   $ -     $ 635,613  

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows as of December 31, 2020:

 

    Trebor Industries
Office Lease
    BMG Office
Lease
    Copier     Total lease
payments
 
2021     61,119       61,725       8,388       131,232  
2022     62,953       63,576       8,388       134,917  
2023     64,842       65,484       2,796       133,122  
2024     49,717       50,586             100,303  
Total     238,631       241,371       19,572       499,574  
Less: Imputed interest     (25,484 )     (25,778 )     (1,331 )     (52,593 )
Present value of lease liabilities   $ 213,147     $ 215,593     $ 18,241     $ 446,981