v3.20.2
Commitments and Contingencies (Tables)
 6 Months Ended
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