XML 27 R18.htm IDEA: XBRL DOCUMENT v3.20.4
LEASE (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of information about leases expense

 

 

September 30,

2020

 

Operating Leases:

 

 

 

Operating lease – right of use (“ROU”) assets

 

$

1,997

 

 

 

 

 

 

Operating lease liability, current portion

 

 

770

 

Operating lease liability, noncurrent portion

 

 

1,227

 

Total operating lease liabilities

 

$1,997

 

 

The following provides details of the Company’s lease expenses:

 

 

 

Nine Months Ended

 

 

 

September 30, 2020

 

Operating lease expenses

 

$619

 

Schedule of other information related to leases

 

 

Nine Months Ended

 

 

 

September 30, 2020

 

Cash paid for amounts included in measurement of liabilities:

 

 

 

Operating cash flows from operating leases

 

$

619

 

 

 

 

 

 

Weighted  average remaining lease term:

 

 

 

 

Operating leases

 

2.5 years

 

 

 

 

 

 

Weighted average discount rate:

 

 

 

 

Operating leases

 

 

4%
Schedule of minimum future annual payments

 

 

Operating

leases

 

2020 (excluding the nine months ended September 30, 2020)

 

$

5,910

 

2021

 

 

11,231

 

2022

 

 

849

 

2023

 

 

212

 

Total future minimum lease payments, undiscounted

 

 

18,202

 

Less: Imputed interest

 

 

(125)

Present value of future minimum lease payments

 

$18,077