v3.20.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Right-of-use Leased Assets

At March 31, 2020, the right-of-use leased asset (ROU) is summarized as follows:

 

    March 31, 2020  
Office lease right-of-use asset   $ 79,129  
Less: Accumulated amortization     (6,482 )
Less: Translation rate difference     (4,642 )
Balance of ROU asset as at March 31, 2020   $ 68,005  
Schedule of Operating Lease Liability

At March 31, 2020, operating lease liability is summarized as follows:

 

    March 31, 2020  
Lease liability related to office lease right-of-use asset   $ 79,129  
Less: Lease reduction     (6,482 )
Less: Translation rate difference     (4,642 )
Less: Current portion of operating lease liability     (12,555 )
Long term operating lease liability as at March 31, 2020   $ 55,450  
Schedule of Future Minimum Lease Payments

The following is a schedule, by years, of the future minimum lease payments as of March 31, 2020 required under the non-cancelable operating lease:

 

12 months period ended March 31,   Operating Lease  
2021   $ 14,946  
2022     14,946  
2023     14,946  
2024     14,946  
2025     14,946  
Thereafter     6,227  
Total minimum lease payments   $ 80,957  
Less: Discount to fair value     (12,952 )
Total Operating Lease Liability at March 31, 2020   $ 68,005