Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020 For the Six Months Ended June 30, 2020
Amortization of right-of-use assets $ 15,121    $ 33,497   
Interest on lease liabilities 3,375    4,247   
Total financing lease cost $ 18,496    $ 37,744   
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
2020 - remaining $ 25,013   
2021 40,921   
2022 12,803   
2023 —   
2024 —   
Thereafter —   
Total future minimum lease payments $ 78,737   
Less: Amount representing interest 3,088   
Present value of future payments $ 75,649   
Current portion $ 45,411   
Long-term portion $ 30,238