Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Commitments

Schedule of Supplemental balance sheet information

Operating Lease
Right-of-use assets	$	230,911
Operating lease liability	$	248,379
Less: short term portion		(187,518	)
Long term portion	$	60,861
Finance Lease
Furniture and equipment	$	28,932
Less: Accumulated depreciation		(14,948	)
Net book value of property and equipment under finance lease	$	13,984
Finance lease liability	$	14,109
Less: short term portion		(5,810	)
Long term portion	$	8,299

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Maturity analysis under lease agreements consisted of the following as of December 31, 2020:
	Operating Leases			Finance Leases
2021	$	194,821		$	7,255
2022		64,940			7,255
2023		-			3,022
Total minimum lease payments		259,761			17,532
Less: Present value discount		(11,382	)		(122	)
Less amount representing services		-			(3,301	)
Present value of net minimum lease payments	$	248,379		$	14,109
Weighted Average	Remaining Lease Term			Discount Rate
Operating lease	1.3 years				4.0	%
Finance lease	2.4 years				1.0	%
Lease costs for the year ended December 31:
	2020			2019
Operating lease cost	$	171,530		$	164,252
Finance lease cost:
Amortization		5,786			5,786
Interest		119			159
Variable lease cost		85,265			82,885
	$	262,700		$	253,082

Schedule of Supplemental cash flow information

Supplemental cash flow information related to leases for the year ended December 31:
	2020		2019
Cash paid for amounts included in operating and finance leases:
Operating cash outflow from operating leases	$	278,603	$	248,450
Operating cash outflow from finance leases		119		159
Financing cash outflow from finance leases		5,769		5,730
	$	284,491	$	254,339