Quarterly report pursuant to Section 13 or 15(d)

Leases (Details Narrative)

v3.19.2
Leases (Details Narrative)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Description of lease discount rate   Discount rate – Topic 842 provides that the discount rate is the rate implicit in the lease unless that rate cannot be determined, in which case the lessee’s incremental borrowing rate shall be used. Because neither the rate implicit in the lease nor the Company’s incremental borrowing rate were determinable, discount rates were obtained with reference to published U.S. High Yield CCC corporate bond rates at the inception dates of each of the leases, which, with respect to the Irvine office lease was 6.7%, and with respect to the Mississauga office lease was 6.9%.
Lease cost (included in general and administrative expense) $ 28,617 $ 55,620
Weighted-average discount rate 6.70% 6.70%
Weighted-average remaining lease term (months) 50 months 22 days 50 months 22 days
Office [Member] | Irvine, California [Member]    
Commenced date   Oct. 01, 2018
Expire date   Sep. 30, 2023
Lease term 5 years 5 years
Lease renewal term 5 years 5 years
Discount rate 6.70% 6.70%
Office [Member] | Mississauga, Ontario [Member]    
Commenced date   Aug. 01, 2018
Expire date   Jul. 30, 2019
Lease term 1 year 1 year
Lease renewal term 1 year 1 year
Discount rate 6.90% 6.90%