Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Components of Financing Lease Cost
The following table shows the components of financing lease cost:

Financing Lease Cost For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019
Amortization of right-of-use assets $ 19,280  $ 35,641 
Interest on lease liabilities 1,421  2,832 
Total financing lease cost $ 20,701  $ 38,473 
Future Minimum Lease Payments to Discounted Finance Lease Liability
The following table reconciles future minimum lease payments to the discounted finance lease liability:

Years ending December 31, Amount
2019 $ 43,694 
2020 62,995 
2021 40,921 
2022 13,599 
2023 — 
Thereafter — 
Total future minimum lease payments $ 161,209 
Less: Amount representing interest 8,268 
Present value of future payments $ 152,941 
Current portion $ 76,559 
Long-term portion $ 76,382