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Operating Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense and supplemental cash flow information related to leases for the period are as follows:

		Six Months Ended June 30, 2020
Lease Cost
Operating lease cost (included in general and administrative expenses in the Company’s unaudited condensed statement of operations)		$	172,030

Other Information
Cash paid for amounts included in the measurement of lease liabilities for the six months ended June 30, 2020		$	86,994
Weighted average remaining lease term – operating leases (in years)			0.8
Average discount rate – operating leases			4.0	%

Schedule of Supplemental Balance Sheet Information Related to Leases

The supplemental balance sheet information related to leases for the period is as follows:

		At June 30, 2020
Operating leases
Long-term right-of-use assets		$	210,765

Short-term operating lease liabilities		$	215,372
Long-term operating lease liabilities			-
Total operating lease liabilities		$	215,372

Schedule of Maturities of Lease Liabilities

Maturities of the Company’s lease liabilities are as follows (in thousands):

Year Ending		Operating Leases
2020 (remaining 6 months)		$	131,604
2021			87,736
Total lease payments			219,340
Less: Imputed interest/present value discount			(3,968	)
Present value of lease liabilities		$	215,372