Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.3.a.u2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Maturities of Operating Leases Liabilities

As of September 30, 2019, the maturities of operating leases liabilities are as follows:

 

    Operating Leases  
Remaining 2019   $ 47,500  
2020     107,350  
Total     154,850  
Less: amount representing interest     (9,624 )
Present value of future minimum lease payments     145,226  
Less: current obligations under leases     145,226  
Long-term lease obligations   $ -  

Schedule of Rent Expense

Rent expense is recognized on a straight-line basis over the life of the lease. Rent expense consists of the following:

 

    Three months ended     Nine months ended  
    September 30, 2019     September 30, 2019  
Operating lease costs   $ 28,445     $ 75,855  
Variable rent costs     (- )     (- )
Total rent expense   $ 28,445     $ 75,855  

Schedule of Other Information Related to Leases

Other information related to leases is as follows:

 

    Three months ended     Nine months ended  
    September 30, 2019     September 30, 2019  
Other information:                
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ -     $ 53,750  
                 
Weighted-average remaining lease term - operating leases   $ 1.09 yr       1.09 yr  
Weighted-average discount rate - operating leases     12 %     12 %