XML 57 R30.htm IDEA: XBRL DOCUMENT v3.19.3
Operating Lease (Tables)
9 Months Ended
Sep. 30, 2019
Lessee Disclosure [Abstract]  
Schedule of Lease Cost and Other Information Related to Operating Leases

For nine months ended September 30, 2019, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows:

 

    Nine Months Ended
September 30, 2019
 
Lease Cost        
Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations)   $ 40,586  
         
Other Information        
Cash paid for amounts included in the measurement of lease liabilities for the third quarter 2019   $ 44,947  
Weighted average remaining lease term – operating leases (in years)     1.17  
Average discount rate – operating leases     4.35 %

Schedule of Supplemental Balance Sheet Information Related to Leases

The supplemental balance sheet information related to leases for the period is as follows:        
Operating leases        
Right-of-use assets   $ 61,062  
Total operating lease assets   $ 61,062  
         
Short-term operating lease liabilities   $ 58,119  
Long-term operating lease liabilities   $ 9,934  
Total operating lease liabilities   $ 68,053  

Schedule of Maturities of Lease Liabilities

Maturities of the Company’s lease liabilities are as follows:

 

Year ending September 30,   Operating
Lease
 
2019 (remaining 3 months)     14,982  
2020     54,936  
Total lease payments     69,918  
Less: Imputed interest/present value discount     (1,865 )
Present value of lease liabilities     68,053