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LEASE RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)
3 Months Ended
Mar. 31, 2020
FINANCE LEASE (Tables)  
Schedule of the operating lease right

 

As of

 

March 31,

2020

 

December 31,

2019

 

Initial recognition

 

$

33,593

 

$

35,313

 

Accumulated amortization

 

(13,997

)

 

(11,771

)

Balance

 

$

19,596

 

$

23,542

 

Schedule of the operating lease liability

 

As of

 

March 31,

2020

 

December 31,

2019

 

Initial recognition

 

$

33,593

 

$

35,313

 

Less: gross repayment

 

(15,687

)

 

(13,192

)

Add: imputed interest

 

2,297

 

2,027

 

Balance

 

$

20,203

 

$

24,148

 

Less: lease liability current portion

 

(11,546

)

 

(11,936

)

Lease liability non-current portion

 

8,657

 

12,212

 

Schedule of other information

 

As of

 

March 31,

2020

 

December 31,

2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

Operating cash flow from operating lease

 

$

2,257

 

$

11,012

 

Right of use assets obtained in exchange for operating lease liabilities

 

19,596

 

23,542

 

Remaining lease term for operating lease (years)

 

2

 

2

 

Weighted average discount rate for operating lease

 

$

6.70

%

 

$

6.70

%