Quarterly report pursuant to Section 13 or 15(d)

DEBT, COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
DEBT, COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 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:

 

    September 30, 2021     September 30, 2020  
    For the Three Months Ended  
    September 30, 2021     September 30, 2020  
Operating leases                
Operating lease cost   $ -     $ 26,803  
Operating lease expense     -       26,803  
Short-term lease rent expense     9,579       6,231  
Total rent expense   $ 9,579     $ 33,034  

 

    September 30, 2021     September 30, 2020  
    For the Nine months Ended  
    September 30, 2021     September 30, 2020  
Operating leases                
Operating lease cost   $ 97,407     $ 79,925  
Operating lease expense     97,407       79,925  
Short-term lease rent expense     23,867       18,295  
Total rent expense   $ 121,274     $ 98,220  
SCHEDULE OF LEASING ACTIVITIES

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

 

    For the Nine months Ended  
    September 30, 2021     September 30, 2020  
Operating cash flows from operating leases   $ -     $ 78,796  
Weighted-average remaining lease term – operating leases     -       1.6  
Weighted-average discount rate – operating leases     0.0 %     6.5 %