LEASES (Tables)

9 Months Ended

Sep. 30, 2020

LEASES

Schedule of company's recognition of its operating lease

	September 30, 2020
Assets
Operating lease right-of-use asset	$	77,165
Total lease assets	$	77,165
Liabilities
Current
Current portion of operating lease liability	$	38,816
Non-current
Operating lease liability		38,777
Total lease liabilities	$	77,593

Schedule of minimum operating lease payments

Rent expense, consisting of minimum operating lease payments and variable lease payments for pass through items such as common area maintenance and real estate taxes for the nine months ended September 30, 2020 and 2019 is recorded as general and administrative expense and consisted of the following:

	2020		2019
Operating lease cost	$	36,783	$	36,046
Variable lease costs		—		3,496
Total lease costs	$	36,783	$	39,542

Schedule of maturity operating lease payment

A maturity analysis of our operating lease minimum lease payments follows:

2020	$	12,726
2021		50,904
2022		29,694
Total		93,324
Discount factor		(15,731)
Total lease liabilty	$	77,593