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LEASE RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)
6 Months Ended
Jun. 30, 2020
LEASE RIGHT OF USE ASSET AND LEASE LIABILITY  
Schedule of the operating lease right

Operating lease right of use as follow:

 

As of

 

 

 

June 30,

2020

 

 

December 31,

2019

 

Initial recognition

 

$

34,157

 

 

$

35,313

 

Accumulated amortization

 

 

(17,512

)

 

 

(11,771

)

Balance

 

$

16,645

 

 

$

23,542

 

Schedule of the operating lease liability

 

 

June 30,

2020

 

 

December 31,

2019

 

Initial recognition

 

$ 34,157

 

 

$ 35,313

 

Less: gross repayment

 

 

(19,010 )

 

 

(13,192 )

Add: imputed interest

 

 

2,134

 

 

 

2,027

 

Balance

 

$ 17,280

 

 

$ 24,148

 

Less: lease liability current portion

 

 

(11,540 )

 

 

(11,936 )

Lease liability non-current portion

 

 

5,740

 

 

 

12,212

 

Schedule of other information

 

 

June 30,

2020

 

 

December 31,

2019

 

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

 

 

 

 

 

 

Operating cash flow from operating lease

 

$ 4,536

 

 

$ 11,012

 

Right of use assets obtained in exchange for operating lease liabilities

 

 

16,645

 

 

 

23,542

 

Remaining lease term for operating lease (years)

 

 

2

 

 

 

2

 

Weighted average discount rate for operating lease

 

$ 6.70 %

 

$ 6.70 %