Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.20.2
Operating Leases (Tables)
3 Months Ended
Mar. 31, 2020
Operating Leases  
Schedule of future minimum lease payments

For the twelve months ended March 31,

 

 

 

2021

 

$

438,840

 

2022

 

 

438,840

 

2023

 

 

252,567

 

2024

 

 

45,000

 

Total

 

 

1,175,247

 

Less discount

 

 

(79,753

)

Total lease liabilities

 

 

1,095,494

 

Less current portion

 

 

(364,213

)

Operating lease obligation, net of current portion

 

$

731,281

 

Schedule of lease cost

 

 

Three Months

Ended

March 31,

2020

 

 

 

 

 

Operating lease cost

 

$

95,222

 

Short-term lease cost (1)

 

 

1,770

 

Total lease cost

 

$

96,992