| Schedule of lease cost |
|
|
|
|
|
|
|
|
|
|
|
For the Three
Months Ended September 30, 2020
|
|
For the Nine
Months Ended September 30, 2020
|
|
Operating lease cost
|
|
$
|
113,222
|
|
$
|
321,469
|
|
Finance lease cost
|
|
|
|
|
|
|
|
Amortization of lease assets
|
|
|
29,725
|
|
|
84,476
|
|
Interest on lease liabilities
|
|
|
4,522
|
|
|
13,837
|
|
Total finance lease cost
|
|
$
|
34,247
|
|
$
|
98,313
|
|
| Schedule of maturities of operating and finance lease liabilities |
Maturities of operating and finance lease liabilities as of September 30, 2020 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases
|
|
Finance Leases
|
|
Total
|
|
2020 (excluding the nine months ended September 30, 2020)
|
|
$
|
91,478
|
|
$
|
30,060
|
|
$
|
121,538
|
|
2021
|
|
|
369,995
|
|
|
120,684
|
|
|
490,679
|
|
2022
|
|
|
360,839
|
|
|
155,694
|
|
|
516,533
|
|
2023
|
|
|
244,973
|
|
|
10,284
|
|
|
255,257
|
|
2024
|
|
|
231,503
|
|
|
-
|
|
|
231,503
|
|
2025
|
|
|
238,452
|
|
|
-
|
|
|
238,452
|
|
Thereafter
|
|
|
454,820
|
|
|
-
|
|
|
454,820
|
|
Total minimum lease payments
|
|
|
1,992,060
|
|
|
316,722
|
|
|
2,308,782
|
|
Less: imputed interest
|
|
|
(346,216)
|
|
|
(22,432)
|
|
|
(368,648)
|
|
Present value of lease liabilities
|
|
$
|
1,645,844
|
|
$
|
294,290
|
|
$
|
1,940,134
|
Maturities of operating lease liabilities as of September 30, 2019 were as follows:
|
|
|
|
|
|
2019 (excluding the nine months ended September 30, 2019)
|
|
$
|
28,358
|
|
2020
|
|
|
115,580
|
|
2021
|
|
|
118,158
|
|
2022
|
|
|
120,737
|
|
2023
|
|
|
20,195
|
|
Total lease payments
|
|
|
403,028
|
|
Less: imputed interest
|
|
|
(52,738)
|
|
Present value of operating lease liabilities
|
|
$
|
350,290
|
|