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4. Right of Use Leased Asset
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Right of Use Leased Asset

Note 4: Right Of Use Leased Asset

 

Right of use asset consisted of the following as of June 30, 2020 and December 31, 2019:

 

  

June 30,

2020

  

December 31,

2019

 
Office Lease Asset  $2,155,237   $2,155,237 
Printer Lease Asset   2,245,093    2,245,093 
Right Of Use Asset, Gross   4,400,330    4,400,330 
           
Office Lease Accumulated Amortization   (436,128)   (321,773)
Printer Lease Accumulated Amortization   (172,069)   (68,720)
Right Of Use Asset, Net  $3,792,133   $4,009,837 

 

During the three months ended June 30, 2020 and June 30, 2019, the Company recorded amortization expense of $109,458 and $37,059, respectively. During the six months ended June 30, 2020 and June 30, 2019, the Company recorded amortization expense of $217,704 and $214,101, respectively.