Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies

Schedule of Net Book Value of Finance Lease

The following is a schedule of the net book value of the finance lease.

Assets	December 31, 2020			December 31, 2019
Leased equipment under finance lease,	$	100,097		$	100,097
less accumulated amortization		(84,837	)		(60,007	)
Net	$	15,260		$	40,090

Liabilities	December 31, 2020		December 31, 2019
Obligations under finance lease (current)	$	—	$	20,654
Obligations under finance lease (noncurrent)		—		—
Total	$	—	$	20,654

Schedule of Reconciliation of Leases

Below is a reconciliation of leases to the financial statements.

	ROU Operating Leases		Finance Leases
Leased asset balance	$	171,549	$	15,260
Liability balance		171,549		—
Cash flow (operating)		—		—
Cash flow (financing)		—		—
Interest expense	$	22,390	$	—

Schedule of Future Minimum Lease Payments for Operating and Finance Lease

The following is a schedule, by years, of future minimum lease payments required under the operating and finance leases.

Years Ending December 31,		ROU Operating Leases			Finance Leases
	2021	$	117,600		$	15,260
	2022		68,600			—
	2023		—			—
	Thereafter		—			—
	Total		186,200			15,260
	Less imputed interest		(14,651	)		—
	Total liability	$	171,549		$	15,260

Schedule of Other Information Related to Lease

Other information related to leases is as follows:

Lease Type	Weighted Average Remaining Term			Weighted Average Discount Rate (1)
Operating Leases			19months		10	%
Finance Leases		0 months			10	%

(1) This discount rate is consistent with our borrowing rates from various lenders.