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

Operating Lease Right-of-use Asset and Operating Lease Liability (Tables)

v3.21.2
Operating Lease Right-of-use Asset and Operating Lease Liability (Tables)
 6 Months Ended
Jun. 30, 2021
Operating Lease Right-of-use Asset And Operating Lease Liability  
Schedule of operating Right-of-use asset and liability
               
    June 30, 2021     December 31, 2020  
Office lease   $ 157,213     $ 157,213  
Less: accumulated amortization     (94,208 )     (70,655 )
Right-of-use asset, net   $ 63,005     $ 86,558  

 

Operating Lease liability is summarized below:

 

                 
    June 30, 2021     December 31, 2020  
Office lease   $ 69,443     $ 94,671  
Less: current portion     (58,491 )     (53,384 )
Long-term portion   $ 10,952     $ 41,287  
Schedule of maturity of lease liabilities
       
Year ending December 31, 2021   $ 32,497  
Year ending December 31, 2022     43,655  
Total future minimum lease payment     76,152  
Imputed interest     (6,709 )
Lease Obligation, net   $ 69,443