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Lease (Tables)

3 Months Ended

Dec. 31, 2019

Leases

Schedule of lease-related assets and liabilities reported in the Consolidated Balance Sheet

		Classification on the Consolidated Balance Sheet		December 31, 2019
Assets
Operating leases		Other assets		$	108,675
Liabilities
Operating leases- current		Accrued expenses		$	84,368
Operating leases – noncurrent		Other liabilities		$	24,307
Total lease liabilities				$	108,675

Schedule of future minimum lease payments under operating leases

Future minimum lease payments under operating leases are as follows at December 31, 2019:

		Twelve Months
		Ending		Operating
		December 31,		Leases
		2020		$	87,344
		2021			26,036
Total minimum lease payments				$	113,380
Amount representing interest					(4,705)
Present value of minimum lease payments					108,675
Current portion					(84,368)
Long-term portion of lease obligations				$	24,307

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Schedule of

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

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