XML 45 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Lease (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of operating lease arrangements

ASSETS  September 30,
2020		   December 31,
2019		 
Operating lease right-of-use assets  $1,842,988   $524,445 
LIABILITIES          
Operating lease liabilities (current)   311,740    304,248 
Operating lease liabilities (noncurrent)   1,531,248    235,555 
Schedule of supplemental information related to operating leases

   Nine Months Ended
September 30,		 
   2020   2019 
Operating lease expenses  $233,262   $195,923 

 

Other information related to leases is presented below:

 

   Nine Months Ended
September 30,		 
   2020   2019 
Cash paid for amounts included in the measurement of operating lease liabilities  $233,262   $195,923 

 

   September 30,
2020		  

December 31,
2019

 
Weighted Average Remaining Lease Term:        
Operating leases   3.33 years    3.08 years 
           
Weighted Average Discount Rate:          
Operating leases   0.55%   0.55%
Schedule of minimum future annual payments under non-cancellable leases

    Operating leases  
2020 (excluding the nine months ended September 30, 2020)   $ 79,090  
2021     323,163  
2022     339,936  
2023     356,840  
2024     373,745  
2025     395,077  
Total future minimum lease payments, undiscounted     1,867,851  
Less: Imputed interest     24,863  
Present value of future minimum lease payments   $ 1,842,988