12. Operating Lease Liabilities & Commitments and Contingencies
|3 Months Ended|
Mar. 31, 2020
|Commitments and Contingencies Disclosure [Abstract]|
|Commitments and Contingencies||
NOTE 12 – OPERATING LEASE LIABILITIES & COMMITMENTS AND CONTINGENCIES
The following is a summary of operating lease liabilities:
The Company has two operating leases with an imputed annual interest rate of 8%. The weighted average remaining life of the leases is 19 months.
The following is a schedule showing future minimum lease payments:
From time to time, the Company is involved in routine litigation that arises in the ordinary course of business. There are no legal proceedings for which management believes the ultimate outcome would have a material adverse effect on the Company’s results of operations and cash flows.
The entire disclosure for commitments and contingencies.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef