LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Text Block [Abstract]

Lessee, Operating Lease, Disclosure [Table Text Block]

As of September 30, 2019, the Company's lease components included in the consolidated balance sheet were as follows:

Lease component	Classification	December 31, 2019
Assets
ROU assets - operating lease	Other assets	$	101,883
Total ROU assets		$	101,883
Liabilities
Current operating lease liability	Current liabilities	$	21,365
Long-term operating lease liability	Other liabilities		81,494
Total lease liabilities		$	102,859

Lease, Cost [Table Text Block]

Rent expense is recognized on a straight-line basis over the life of the lease. Rent expense consists of the following:

	Twelve months ended
	December 31, 2019
Operating lease costs	$	16,830
Short term lease cost		3,000
Total rent expense	$	19,830

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments under non-cancellable leases were as follows:

	December 31, 2019
2020	$	24,161
2021		24,886
2022		25,633
2023		26,402
2024		8,886
2025 and beyond		-
Total future minimum lease payments	$	109,968
Less: Interest		7,109
Total operating lease liabilities	$	102,859
Current operating lease liability	$	21,365
Long-term operating lease liability		81,494
Total operating lease liabilities	$	102,859