XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 15 - Leases | 9 Months Ended
--- | ---
Sep. 30, 2020
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
15. | LEASES
The Company's leases office space in New Jersey, Hong Kong, Minnesota, and New Hampshire with lease termination dates of 2023, 2022, 2022, and 2022, respectively. The leases include non-lease components with variable payments. The following tables present the components of lease expense and supplemental balance sheet information related to the operating leases, for the three months ended and as of:
|  | 3 Months ended September 30, |  |  | 9 Months ended September 30, |
|  | 20 20 |  |  | 2020 |
Lease cost |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 67,773 |  |  | $ | 175,219 |
Total lease cost |  | $ | 67,773 |  |  | $ | 175,219 |
Balance sheet information |  |  |  |  |  |  |  |
Operating ROU assets |  |  |  |  |  | $ | 556,915 |
Operating lease liabilities, current portion |  |  |  |  |  | $ | 229,853 |
Operating lease liabilities, non-current portion |  |  |  |  |  |  | 325,454 |
Total operating lease liabilities |  |  |  |  |  | $ | 555,307 |
Weighted average remaining lease term (in years) – operating leases |  |  |  |  |  |  | 2.49 |
Weighted average discount rate – operating leases |  |  |  |  |  |  | 5.50 | %
Supplemental cash flow information related to leases were as follows, for the nine months ended September 30, 2020:
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 171,374 |
Maturities of operating lease liabilities were as follows:
2020 (remaining three months) |  | $ | 63,812 |
2021 |  |  | 256,977 |
2022 |  |  | 187,594 |
2023 |  |  | 89,226 |
Total future lease payments |  |  | 597,609 |
Less: imputed interest |  |  | (42,302 | )
Total |  | $ | 555,307 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration