Quarterly report pursuant to Section 13 or 15(d)

LEASE (Tables)

v3.19.2
LEASE (Tables)
6 Months Ended
Jun. 30, 2019
Lease  
Schedule of lease liability

   

June 30,

2019

 
Total lease liability   $ 303,364  
Less: short term portion     (43,574 )
Long term portion   $ 259,790  

Schedule of maturity analysis under lease agreements

Six months ended December 31, 2019   $ 33,134  
2020     67,392  
2021     69,751  
2022     72,222  
2023 and beyond     132,313  
Less: Present value discount     (71,448 )
Lease liability   $ 303,364  

Schedule of lease expense

Operating lease expense   $ 62,797  
Short-term lease expense     -  
Variable lease expense     -  
    $ 62,797  

Schedule of Weighted-average remaining lease term
Weighted-average remaining lease term     5.26  
Weighted-average discount rate     8 %