Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.20.2
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense for the nine months ended September 30, 2020 were as follows:

 

 SCHEDULE OF COMPONENTS OF LEASE EXPENSE

         
Operating lease cost   $ 737,993  
         
Finance lease cost:        
Amortization of right-of-use assets   $ 24,512  
Interest on lease liabilities     5,834  
Total finance lease cost   $ 30,346  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER ALL NON-CANCELABLE OPERATING LEASES

Future minimum lease payments as of September 30, 2020 under all non-cancelable leases having an initial or remaining term of more than one year were:

 

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER ALL NON-CANCELABLE OPERATING LEASES

    Operating
Leases
    Finance
Lease
 
2020   $ 246,937     $ 9,603  
2021      1,008,227        38,412  
2022      949,535        27,123  
2023      910,166        23,201  
2024      835,411        3,229  
Thereafter      4,267,635       -  
Total lease payments      8,217,911       101,568  
Less: imputed interest     (2,248,157 )     (10,718 )
    $ 5,969,754     $ 90,850