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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Future minimum payments for operating leases

Future minimum lease payments under the operating lease at December 31, 2020 are shown below:

Annual minimum payments:		Amount
2021			515,822
2022			262,789
Total minimum payments			778,611
Less: Present value factor			(37,260	)
Total operating lease liabilities			741,351
Less: Current portion of operating lease			(483,254	)
Long-term portion of operating lease		$	258,097

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- References

No definition available.

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717

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