LEASES (Tables)

6 Months Ended

Jun. 30, 2020

LEASES

Schedule of company's recognition of its operating lease

	June 30, 2020
Assets
Operating lease right-of-use asset	$	85,668
Total lease assets	$	85,668
Liabilities
Current portion of operating lease liability	$	36,836
Non-current
Operating lease liability		49,215
Total lease liabilities	$	86,051

Schedule of minimum operating lease payments

Rent expense, consisting of minimum operating lease payments and variable lease payments for pass through items such as common area maintenance and real estate taxes for the six months ended June 30, 2020 and 2019 is recorded as general and administrative expense and consisted of the following:

	2020		2019
Operating lease cost	$	22,891	$	23,992
Variable lease costs		—		2,766
Total lease costs	$	22,891	$	26,758

Schedule of maturity operating lease payment

A maturity analysis of our operating lease minimum lease payments as of June 30, 2020 follows:

2020	$	25,349
2021		50,904
2022		29,694
Total		105,947
Discount factor		(19,896)
Total lease liabilty	$	86,051