v3.20.2

Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Right-of-Use Leased Assets | At June 30, 2020, the right-of-use leased asset (ROU) is summarized as follows:
|  | June 30, 2020 |
Office lease right-of-use asset |  | $ | 79,129 |
Less: Accumulated amortization |  |  | (9,350 | )
Less: Translation rate difference |  |  | (5,362 | )
Balance of ROU asset as of June 30, 2020 |  | $ | 64,417 |
Schedule of Operating Lease Liability | At June 30, 2020, operating lease liability is summarized as follows:
|  | June 30, 2020 |
Lease liability related to office lease right-of-use asset |  | $ | 79,129 |
Less: Lease reduction |  |  | (9,350 | )
Less: Translation rate difference |  |  | (5,362 | )
Less: Current portion of operating lease liability |  |  | (12,467 | )
Long term operating lease liability as of June 30, 2020 |  | $ | 51,950 |
Schedule of Future Minimum Lease Payments | The following is a schedule, by years, of the future minimum lease payments as of June 30, 2020 required under the non-cancelable operating lease:
12 months period ended June 30, |  | Operating Lease |
2021 |  | $ | 14,842 |
2022 |  |  | 14,842 |
2023 |  |  | 14,842 |
2024 |  |  | 14,842 |
2025 |  |  | 14,842 |
Thereafter |  |  | 2,475 |
Total minimum lease payments |  | $ | 76,685 |
Less: Discount to fair value |  |  | (12,268 | )
Total Operating Lease Liability at June 30, 2020 |  | $ | 64,417 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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