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Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Lease Costs, Lease Term and Discount

The components of lease costs, lease term and discount rate are as follows:

		US dollars
		Six Months Ended
		June 30, 2020
		(unaudited)
Operating lease cost:
Office space			60,000
Vehicles			19,332
			79,332
Remaining Lease Term
Office space			0.42 years
Vehicles			1.89 years
Weighted Average Discount Rate
Office space			10	%
Vehicles			10	%

Schedule of Operating Lease Maturity Payments

The following is a schedule, by years, of maturities of operating lease liabilities as of June 30, 2020:

		US dollars
		June 30, 2020
			(unaudited)
Period:
The remainder of 2020			69,470
2021			34,254
2022			18,766
Total operating lease payments			122,490
Less: imputed interest			7,418
Present value of lease liabilities			115,072

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

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- Definition

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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