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Commitments

12 Months Ended

Dec. 31, 2020

Commitments [Abstract]

Commitments

Note 16 - Commitments

The Group leases certain office premises under non-cancelable leases. Rent expenses under operating leases for the year ended December 31, 2020, 2019 and 2018 were approximately $683,000, $592,000 and $548,000, respectively.

Future minimum payments under non-cancelable operating leases were as follows at December 31, 2020:

		Year Ended December 31,
2021		$	646,930
2022			209,556
2023			3,736
		$	860,222

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- References

No definition available.

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- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648

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