Quarterly report pursuant to Section 13 or 15(d)

10. Leases (Tables)

v3.19.2
10. Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Leases

Right-of-use assets are summarized below:

 

    June 30, 2019
Office lease   $ 196,554  
Less accumulated amortization     (24,442 )
Right-of-use assets, net   $ 172,112  

 

Operating Lease liabilities are summarized below:

 

    June 30, 2019
Office lease   $ 183,407  
Less: current portion     (52,486 )
Long term portion   $ 130,921  

 

Maturity of lease liabilities are as follows:

 

Six months ended December 31, 2019   $ 30,632  
Year ended December 31, 2020     62,183  
Year ended December 31, 2021     64,048  
Year ended December 31, 2022     43,655  
Total payment     200,518  
Amount representing interest     (17,111 )
Lease Obligation, net   $ 183,407