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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies

Schedule of lease cost

		Three months ended				Nine months ended
Lease cost		September 30, 2020				September 30, 2020
Operating leases		$	61,297			$	183,891
Short-term leases			-				-
Total lease cost (1)		$	61,297			$	183,891
Other information on operating leases
Cash payments included in the measurement of lease
liability reported in operating cash flows		$	62,782			$	147,018
Discount rate			5.50	%			5.50	%
Remaining lease term in years		5 years				5 years

Schedule of lease liability maturities

For the Year
Ending
December 31,		Total
Remainder of 2020		$	64,281
2021			264,571
2022			273,831
2023			283,415
2024			140,739
Thereafter			192,916
Total undiscounted lease payments			1,219,753
Less: present value adjustment			188,522
Operating lease liability		$	1,031,231

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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=77888426&loc=SL77918701-209980

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