LEASE RIGHT OF USE ASSET AND LEASE LIABILITY

9 Months Ended

Sep. 30, 2020

LEASE RIGHT OF USE ASSET AND LEASE LIABILITY

NOTE 7 - LEASE RIGHT OF USE ASSET AND LEASE LIABILITY

Operating lease right of use as follow:	As of
	September 30, 2020			December 31, 2019
Initial recognition	$	33,977		$	35,313
Accumulated amortization		(19,719	)		(11,771	)
Balance	$	14,258		$	23,542

Operating lease liability as follow: As of

	September 30, 2020			December 31, 2019
Initial recognition	$	33,977		$	35,313
Less: gross repayment		(21,761	)		(13,192	)
Add: imputed interest		2,901			2,027
Balance	$	15,118		$	24,148
Less: lease liability current portion		(11,152	)		(11,936	)
Lease liability non-current portion		3,966			12,212

The amortization of the operating lease right of use asset for the six-month period ended September 30, 2020 and the year ended December 31, 2019 was $8,210 and $11,618, respectively.

Other information: As of

	September 30, 2020			December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease	$	7,351		$	11,012
Right of use assets obtained in exchange for operating lease liabilities		14,258			23,542
Remaining lease term for operating lease (years)		2			2
Weighted average discount rate for operating lease	$	6.70	%	$	6.70	%

Lease expenses for the six month period ended September 30, 2020 and the year ended December 31, 2019 were $802 and $2,001, respectively.