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Other Assets
3 Months Ended
Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

Note 6 – Other Assets

 

Security deposits:   Security deposits reflect the deposits on various property leases, most of which require for two months’ rental expense in the form of a deposit. On May 6, 2019, $20,000 security deposit related to the Seattle leased location were expensed due to the sale of the Seattle leased location. As of March 31, 2020 and December 31, 2019, the remaining balance was $150,000 and $150,000, respectively.

 

Deposits – end of lease:   These deposits represent an additional two months of rent on various property leases that apply to the “end-of- lease” period. During the year ended December 31, 2019, we adopted ASC Topic 842, Leases, as the result we reclassified  remaining balance of prepaid rent to right of use assets and leases liabilities. As of March 31, 2020 and December 31, 2019, the remaining balance was $0.