Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.2
LEASES (Tables)
9 Months Ended
Sep. 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 September 30, 2020 For the Nine Months Ended September 30, 2020
Amortization of right-of-use assets $ 11,567  $ 45,064 
Interest on lease liabilities 699  4,946 
Total financing lease cost $ 12,266  $ 50,010 
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 $ 12,506 
2021 40,921 
2022 12,803 
2023 — 
2024 — 
Thereafter — 
Total future minimum lease payments $ 66,230 
Less: Amount representing interest 2,279 
Present value of future payments $ 63,951 
Current portion $ 43,024 
Long-term portion $ 20,927