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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Supplemental balance sheet information related to leases | Supplemental balance sheet information related to leases is as follows:
|  | Location on Face of |  | December 31, |
|  | Balance Sheet |  | 2020 |
Operating leases: |  |  |  |  |  |
Operating lease right of use assets |  | Operating lease, right-of-use assets |  | $ | 290,410 |
Current operating lease liabilities |  | Operating lease liabilities - current |  | $ | 300,468 |
Noncurrent operating lease liabilities |  | Operating lease liabilities |  |  | - |
Total operating lease liabilities |  |  |  | $ | 300,468 |
Weighted average remaining lease term (in years): |  |  |  |  |  |
Operating leases |  |  |  |  | 1.0 |
Weighted discount rate: |  |  |  |  |  |
Operating leases |  |  |  |  | 4.72 | %
Maturities of lease liabilities | Maturities of lease liabilities were as follows:
For the year ended December 31, |  | Operating lease |
2021 |  | $ | 270,349 |
2022 |  |  | 22,069 |
2023 |  |  | 18,391 |
Total |  | $ | 310,809 |
Less: amount representing interest |  |  | 10,341 |
Present value of future minimum lease payments |  |  | 300,486 |
Less: Current obligations |  |  | 300,486 |
Long-term obligations |  | $ | - |

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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=121609121&loc=SL77918701-209980 + Details
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