Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Operating Lease Right of Use Assets and Operating Lease Liabilities

The tables below show the operating lease right-of-use assets and operating lease liabilities as of December 31, 2020 and the balances as of March 31, 2021, including the changes during the periods:

 

    Operating lease right-of-use assets  
Net right-of-use assets at December 31, 2020     430,795  
Less amortization of operating lease right-of-use assets     (54,179 )
Operating lease right-of-use assets at March 31, 2021   $ 376,616  

 

    Operating lease liabilities  
At December 31, 2020   $ 491,565  
Less principal payments on operating lease liabilities     (60,710 )
Operating lease liabilities at March 31, 2021     430,855  
Less non-current portion     (168,254 )
Current portion at March 31, 2021   $ 262,601  

Schedule of Maturities of Operating Lease Liabilities

As of March 31, 2021, future minimum payments during the next five fiscal years and thereafter are as follows:

 

Year Ending December 31,   Amount  
2021 (nine months)   $ 217,156  
2022     246,650  
Total     463,806  
Less present value discount     (32,951 )
Operating lease liabilities   $ 430,855