Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of lease liability

		December 31, 2020
Total lease liability		$	541,695
Less: short term portion			106,290
Long term portion		$	435,405

Schedule of maturity analysis under lease agreements

2021		$	145,813
2022			150,266
2023			154,771
2024			159,420
2025 and beyond			31,690
Less: Present value discount			(100,265	)
Lease liability		$	541,695

Schedule of lease expense

		2020				2019
Operating lease expense		$	118,316			$	78,034
		$	118,316			$	78,034

Schedule of Weighted-average remaining lease term

		2020				2019
Weighted-average remaining lease term			4.1				4.9
Weighted-average discount rate			8	%			8	%