General form of registration statement for all companies including face-amount certificate companies

13. Operating Lease Right-of-use Assets and Operating Lease Liability (Tables)

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13. Operating Lease Right-of-use Assets and Operating Lease Liability (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Leases [Abstract]    
Schedule of operating Right-of-use asset and liability

Right-of-use asset is summarized below:

 

    September 30, 2020  
Office lease   $ 157,213  
Less: accumulated amortization     (59,565 )
Right-of-use asset, net   $ 97,648  

 

Operating Lease liability is summarized below:

    September 30, 2020  
Office lease   $ 106,596  
Less: current portion     (50,969 )
Long term portion   $ 55,627  

Right-of-use assets are summarized below:

 

    December 31, 2019  
Office lease   $ 157,213  
Less accumulated amortization     (28,814 )
Right-of-use assets, net   $ 128,399  

 

Operating Lease liabilities are summarized below:

 

    December 31, 2019  
Office lease   $ 138,940  
Less: current portion     (44,270 )
Long term portion   $ 94,670  

Schedule of maturity of lease liabilities

Maturity of lease liability is as follows:

 

Year ending December 31, 2020   $ 15,775  
Year ending December 31, 2021     64,048  
Year ending December 31, 2022     43,655  
Total future minimum lease payment     123,478  
Imputed interest     (16,882 )
Lease Obligation, net   $ 106,596  
Year ending December 31, 2020   $ 62,183  
Year ending December 31, 2021     64,048  
Year ending December 31, 2022     43,655  
Total payment     169,886  
Amount representing interest     (30,946 )
Lease Obligation, net   $ 138,940