Quarterly report pursuant to Section 13 or 15(d)

Lease Obligations (Tables)

v3.20.2
Lease Obligations (Tables)
3 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Operating Lease Right of Use Assets and Liabilities

The tables below show the initial measurement of the operating lease right-of-use assets and liabilities as of April 1, 2020 and the balances as of June 30, 2020, including the changes during the periods:

 

    Operating lease right-of-use assets  
Operating lease right-of-use-assets obtained in exchange for lease obligation at April 1, 2020:   $ 585,513  
Less amortization of operating lease right-of-use assets     (50,319 )
Operating lease right-of-use assets at June 30, 2020   $ 535,194  

 

    Operating lease liabilities  
Lease liabilities arising from obtaining right-of-use assets at April 1, 2020:   $663,110  
Less principal payments on operating lease liabilities     (54,776 )
Lease liabilities at June 30, 2020     608,334  
Less non-current portion     368,785  
Current portion at June 30, 2020   $ 239,549