Quarterly report pursuant to Section 13 or 15(d)

DEBT, COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
DEBT, COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE COST

Additional information regarding the Company’s leasing activities as a lessee is as follow:

 

    June 30, 2021     June 30, 2020  
    For the Three Months Ended  
    June 30, 2021     June 30, 2020  
Operating leases                
Operating lease cost   $ -     $ 26,333  
Operating lease expense     -       26,333  
Short-term lease rent expense     5,126       6,072  
Total rent expense   $ 5,126     $ 32,405  

 

    June 30, 2021     June 30, 2020  
    For the Six Months Ended  
    June 30, 2021     June 30, 2020  
Operating leases                
Operating lease cost   $ 97,407     $ 53,122  
Operating lease expense     97,407       53,122  
Short-term lease rent expense     14,289       12,064  
Total rent expense   $ 111,696     $ 65,186  
SCHEDULE OF LEASING ACTIVITIES

 

    For the Six Months Ended  
    June 30, 2021     June 30, 2020  
Operating cash flows from operating leases   $ -     $ 52,246  
Weighted-average remaining lease term – operating leases     -       1.4  
Weighted-average discount rate – operating leases     0.0 %     6.5 %