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Operating Lease Right-of-Use Asset/Operating Lease Liability
3 Months Ended
Mar. 31, 2021
Supplemental disclosure of non-cash transactions  
Operating Lease Right-of-Use Asset/Operating Lease Liability

Note 9. Operating Lease Right-of-Use Asset/Operating Lease Liability

 

On June 1, 2020, the Company entered into a new lease membership agreement for a one-year term for an amount of $2,895 per month. We determined under ASC 842, due to the short term nature of the lease that the lease membership agreement met the criteria of ASC 842-20-25-2 and as such it is not necessary to capitalize the lease and rent will be recognized on a monthly straight-line basis.