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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Future minimum payments for operating leases

Future minimum lease payments under the operating leases of the office and copier at June 30, 2020 are shown below:

 

Annual minimum payments:  Amount
2020 (July 1, 2020 to December 31, 2020)  $249,994 
2021   515,822 
2022   262,789 
Total minimum payments   1,028,605 
Less: Present value factor   (64,349
Total operating lease liabilities   964,256 
Less: Current portion of operating lease   (455,928
Long-term portion of operating lease  $508,328