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8. Leases (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Summary of leases

The following table provides a summary of leases by balance sheet location as of June 30, 2020 and December 31, 2019:

 

    Balance Sheet Location   June 30, 2020   December 31, 2019
        (Unaudited)    
        $   $
Assets                    
Operating- noncurrent   Operating lease right-of-use assets     86,478       113,166  
Total leased assets         86,478       113,166  
                     
Liabilities                    
Operating – current   Operating lease liabilities-current     –       8,485  
Total lease liabilities         –       8,485  
Lease costs

The components of lease expense for the six months ended June 30, 2020 and June 30, 2019 were as follows:

 

    Statement of Income Location   Six months ended June 30, 2020   Six months ended June 30, 2019
        (Unaudited)   (Unaudited)
        $   $
Lease Costs                    
Operating lease expense   General and administrative expenses     26,224       17,886  
Total net lease costs         26,224       17,886  
Maturity schedule lease liability

Maturity of lease liabilities under our non-cancelable operating leases as of June 30, 2020 are US$ nil.

 

Maturity of lease liabilities under our non-cancelable operating leases as of December 31, 2019 are as follows:

 

    Operating  
    (Unaudited)  
    $  
2020     8,617  
2021     –  
2022     –  
2023     –  
Total lease payments     8,617  
Less: interest     (132 )
Present value of lease liabilities     8,485  
Terms of leases

Following table provides a summary of the lease terms and discount rates of June 30, 2020 and December 31, 2019:

 

    June 30, 2020     December 31, 2019  
Weighted Average Remaining Lease Term                
Operating leases     2.25 years       2.75 years  
                 
Weighted Average Discount Rate                
Operating leases     6.18%       6.18%  
Supplemental information for leases

Supplemental information related to the leases for the six months ended June 30, 2019 and 2020 are as follows:

 

    Six months ended June 30, 2020     Six months ended June 30, 2019  
    (Unaudited)     (Unaudited)  
    $     $  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases     8,537       147,680  
                 
Right-of-use assets obtained in exchange for new lease obligations:                
Operating leases     –       145,461