Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

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

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

 

      June 30, 2020  
Operating lease cost   $

492,228

  
Finance lease cost:        
Amortization of right-of-use assets   $

16,342

  
Interest on lease liabilities    

4,033

  
Total finance lease cost   $

512,603

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

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

 

    Operating
Leases		     Finance
Lease		  
2020   $ 485,187     $ 19,206  
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      8,456,161     111,171  
Less: imputed interest   (2,361,652 )   (12,519 )
    $ 6,094,509     $ 98,652