XML 79 R33.htm IDEA: XBRL DOCUMENT

LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Summary of operating lease right-of-use assets and liabilities


Operating Lease Assets
		2019
Main office		$	479,744
Total operating lease assets - initial measurement			479,744
Less: accumulated amortization			(87,873)
Operating Lease Assets, net		$	391,871

Operating Lease Liabilities
Total operating lease liabilities - initial measurement		$	479,744
Accrued interest			17,628
Payment to liabilities			(158,253)
Total operating lease liabilities			339,119
Less: operating lease liabilities, current			(91,737)
Long-term Operating Lease Liabilities		$	247,382

Summary of future minimum lease payments for operating leases

As of December 31, 2019, future minimum lease payments for operating leases consisted of the following:


For the Years Ending December 31,		Operating Leases
2020		$	105,502
2021			105,502
2022			105,502
2023			52,751
Total minimum payments			369,257
Less: imputed interest			(30,138)
Total operating lease liabilities		$	339,119