Operating Lease

Financing Lease

Right-of-use lease asset:

Right-of-use lease asset, January 1, 2020

$

112,387

$

13,025

Less: reduction/amortization

66,298

3,721

Right-of-use lease asset, June 30, 2020

$

46,089

$

9,304

Lease liability:

Lease liability, January 1, 2020

$

113,559

$

13,665

Less: repayments

67,004

3,664

Lease liability, June 30, 2020

$

46,555

$

10,001

Lease expenses for the six months ended June 30, 2020:

Lease expense

$

70,595

$

-

Amortization expense

-

3,721

Interest expense

-

608

Total

$

70,595

$

4,329

Contractual cash payments for the remaining lease term as of June 30, 2020:

2020

$

47,533

$

4,272

2021

-

6,408

Total

$

47,533

$

10,680

Remaining lease term (months) as of June 30, 2020

4

15