LEASES

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

NOTE 4 – LEASES

On March 16, 2017, the Company entered into a 5-year operating lease agreement for permanent office space, base rent payment is approximately $9,000 per month, subject to annual adjustments.

For the year ended December 31	2020			2019
Supplemental cash flow information related to leases:
Operating cash flows paid for operating leases	$	113,253		$	109,953
Non-cash lease expense	$	(357	)	$	3,657

Supplemental balance sheet information related to leases:	As of December 31, 2020			As of December 31, 2020
Operating lease Right-of-use assets	$	136,308		$	238,151
Current portion of operating lease liabilities	$	111,236		$	101,487
Long-term operating lease liabilities		29,085			140,321
Total operating lease liabilities	$	140,321		$	241,808
Weighted average remaining operating lease term		1.25 years			2.25 years
Weighted average discount rate		6	%		6	%

The following table summarizes the maturity of lease liabilities under operating leases as of December 31, 2020:

2021		116,649
2022		29,376
Total lease payments		146,025
Less: imputed interest		(5,704	)
Total lease liabilities	$	140,321