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10. LEASE LIABILITIES-FINANCE AND OPERATING LEASE (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Finance lease obligations

		Imputed			September 30,				December 31,
		Interest rate			2019				2018
Total finance lease liability			6.7%		$	2,041,845			$	2,267,025
Less: Current portion						(162,132	)			(197,480	)
Finance lease liability, net of current portion					$	1,879,713			$	2,069,545

Components of operating lease liabilities

		Imputed			September 30,				December 31,
		Interest rate			2019				2018
Total Operating lease liabilities			4.89%		$	8,137,541			$	-
Less: Current portion						(406,156	)			-
Operating lease liabilities, net of current portion					$	7,731,385			$	-

Maturities of lease liabilities

		Financial lease				Operating Lease
Payable within:
the next 12 months		$	265,370			$	762,298
the next 13 to 24 months			265,370				775,828
the next 25 to 36 months			265,370				628,579
the next 37 to 48 months			265,370				635,341
the next 49 to 60 months			265,370				633,168
thereafter			1,592,225				11,285,715
Total			2,919,075				14,720,929
Less: Amount representing interest			(877,230	)			(6,583,388	)
Present value of net minimum lease payments		$	2,041,845			$	8,137,541

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

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Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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