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Leases
 12 Months Ended
Dec. 31, 2020
Leases Disclosure [Abstract]  
LEASES

5. LEASES


The Company’s noncancelable operating leases consist of leases for office space. The Company is the lessee under the terms of the operating leases. For the year ended December 31, 2020, the operating lease cost was $0.29 million.


The Company’s operating leases have remaining lease terms that range from approximately one year to four years. As of December 31, 2020, the weighted average remaining lease term and weighted average discount rate were 1.67 years and 6%, respectively.


Maturities of lease liabilities were as follows:


   Operating 
Year ending December 31,  Lease 
2021  $193,368 
2022   112,798 
Total  $306,166 
Less: amounts representing interest  $14,787 
Present Value of future minimum lease payments   291,379 
Less: Current obligations   180,803
Long term obligations  $110,576