Quarterly report pursuant to Section 13 or 15(d)

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)
 9 Months Ended
Sep. 30, 2021
Operating Lease Right-of-use Asset And Operating Lease Liability  
Schedule of operating Right-of-use asset and liability
               
             
    September 30, 2021     December 31, 2020  
Office lease   $ 157,213     $ 157,213  
Less: accumulated amortization     (106,714 )     (70,655 )
Right-of-use asset, net   $ 50,499     $ 86,558  

 

Operating Lease liability is summarized below:

             
    September 30, 2021     December 31, 2020  
Office lease   $ 55,627     $ 94,671  
Less: current portion     (55,627 )     (53,384 )
Long-term portion   $ –     $ 41,287  
Schedule of maturity of lease liabilities
       
       
Year ending December 31, 2021   $ 16,249  
Year ending December 31, 2022     43,654  
Total future minimum lease payment     59,903  
Imputed interest     (4,276 )
Lease Obligation, net   $ 55,627