Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

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	March 31, 2021			December 31, 2020
Leased equipment under finance lease,	$	100,097		$	100,097
less accumulated amortization		(91,045	)		(84,837	)
Net	$	9,052		$	15,260

Liabilities		March 31, 2021		December 31, 2020
Obligations under finance lease (current)	$	—	$	—
Obligations under finance lease (noncurrent)		—		—
Total	$	—	$	—

Schedule of Reconciliation of Leases

Below is a reconciliation of leases to the financial statements.

	ROU Operating Leases		Finance Leases
Leased asset balance	$	146,227	$	9,052
Liability balance		146,227		—
Cash flow (non-cash)		—		—
Interest expense	$	10,573	$	—

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		88,200			9,052
	2022		68,600			—
	2023		—			—
	Thereafter		—			—
	Total	$	156,800		$	9,052
	Less imputed interest		(10,573	)		—
	Total liability	$	146,227		$	9,052

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		16 months		10	%
Finance Leases		0 months		10	%

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