Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of lease liability

		June 30,
		2020
Total lease liability		$	467,698
Less: short term portion			81,848
Long term portion		$	385,850

Schedule of maturity analysis under lease agreements

		Total
2020		$	57,598
2021			118,065
2022			121,606
2023			125,255
2024 and beyond			140,030
Less: present value discount			(94,856	)
Lease liability		$	467,698

Schedule of lease expense

Lease expense for the three months ended June 30, 2020 and 2019 was comprised of the following:

		Three Months Ended
		June 30,
		2020				2019
Operating lease expense		$	29,098			$	49,757
Short-term lease expense			-				-
Variable lease expense			-				-
		$	29,098			$	49,757

Lease expense for the six months ended June 30, 2020 and 2019 was comprised of the following:

		Six Months Ended
		June 30,
		2020				2019
Operating lease expense		$	52,655			$	62,797
Short-term lease expense			-				-
Variable lease expense			-				-
		$	52,655			$	62,797

Schedule of Weighted-average remaining lease term

Weighted-average remaining lease term			4.4
Weighted-average discount rate			8	%