Annual report pursuant to Section 13 and 15(d)

6. Operating Lease Assets (Tables)

v3.20.1
6. Operating Lease Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Additional details related to leases on Balance Sheet

The following are additional details related to leases recorded on our balance sheet as of December 31, 2019:

 

Leases Classification     Amount
Assets          
     Operating lease assets Operating lease assets     $ 260,645   
Total lease assets       $ 260,645   
           
Liabilities          
Current          
     Operating lease liabilities Operating lease liabilities     $ 258,343   
Noncurrent          
     Operating lease liabilities Noncurrent operating lease liabilities     $ 45,460   
Total lease liabilities       $ 303,803   
Schedule of Minimum Lease Payments

he maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases, a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheet, our weighted-average remaining lease term and weighted average discount rate:

Year ending December 31,    Amount
2020   $ 270,982   
2021     35,748   
2022     11,916   
2023     -   
2024     -   
Thereafter     -   
   Total future lease payments     318,646   
   Less: imputed interest     (14,843)  
Total   $ 303,803   

 

Weighted Average Remaining Lease Term (years)  
   Operating leases 1.34   
   
Weighted Average Discount Rate  
   Operating leases 6.75%