v3.20.2
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Right-of-Use Leased Assets

At September 30, 2020, the right-of-use leased asset (ROU) is summarized as follows:

 

    September 30, 2020  
Office lease right-of-use asset   $ 79,129  
Less: Accumulated amortization     (13,021 )
Less: Translation rate difference     (2,088 )
Balance of ROU asset as of September 30, 2020   $ 64,020  
Schedule of Operating Lease Liability

At September 30, 2020, operating lease liability is summarized as follows:

 

    September 30, 2020  
Lease liability related to office lease right-of-use asset   $ 79,129  
Less: Lease reduction     (13,021 )
Less: Translation rate difference     (2,088 )
Less: Current portion of operating lease liability     (13,019 )
Long term operating lease liability as of September 30, 2020   $ 51,001  
Schedule of Future Minimum Lease Payments

The following is a schedule, by years, of the future minimum lease payments as of September 30, 2020 required under the non-cancelable operating lease:

 

12 months period ended September 30,   Operating Lease  
2021   $ 15,501  
2022     15,501  
2023     15,501  
2024     15,501  
2025     14,209  
Total minimum lease payments   $ 76,213  
Less: Discount to fair value     (12,193 )
Total Operating Lease Liability at September 30, 2020   $ 64,020