Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
9 Months Ended
Sep. 30, 2021
LEASES  
Schedule of operating lease

Assets:

 

September 30,

2021

 

 

December 31,

2020

 

 

 

(Unaudited)

 

 

 

Operating lease right-of-use asset

 

$ 33,107

 

 

$ 49,364

 

Liabilities:

 

 

 

 

 

 

 

 

Current Portion of Long-Term Operating Lease

 

$ 21,064

 

 

$ 29,172

 

Long-Term Operating Lease, Net of Current Portion

 

 

3,400

 

 

 

15,178

 

 

 

$ 24,464

 

 

$ 44,350

 

Schedule of Components of lease expense

 

 

For the

 

 

For the

 

 

 

Nine months

 

 

Nine months

 

 

 

September 30,

2021

 

 

June 30,

2020

 

Operating lease expense

 

$ 19,409

 

 

$ -

 

Summary of other information related to leases

 

 

For the

 

 

For the

 

 

 

Nine months

 

 

Year ended

 

 

 

September 30,

2021

 

 

December 31,

2020

 

Weighted-average remaining lease term:

 

 

 

 

 

Operating leases

 

1.33 Years

 

 

2.08 Years

 

 

 

 

 

 

 

 

Discount rate:

 

 

 

 

 

 

Operating leases

 

 

11.00 %

 

 

11.00 %
Schedule of Supplemental cash flow information

 

 

For the

 

 

 

Nine months

 

 

 

September 30,

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

$ 29,619

 

Schedule of maturities of operating lease liability

Year Ended:

 

Operating Lease

 

December 31, 2021

 

$ 9,874

 

December 31, 2022

 

 

15,989

 

Total minimum lease payments

 

 

25,863

 

Less: Interest

 

 

1,399

 

Present value of lease obligations

 

 

24,464

 

Less: Current portion

 

 

21,064

 

Long-term portion of lease obligations

 

$ 3,400