Quarterly report pursuant to Section 13 or 15(d)

Right of Use Leased Asset

v3.21.2
Right of Use Leased Asset
 6 Months Ended
Jun. 30, 2021
Right Of Use Leased Asset  
Right of Use Leased Asset

Note 6: Right of Use Leased Asset

 

Right of use asset consisted of the following as of June 30, 2021 and December 31, 2020:

             
     

June 30,

2021

    

December 31,

2020

  
Office Lease Asset   $ 2,700,864     $ 2,245,093  
Printer Lease Asset     12,374       12,374  
Right Of Use Asset, Gross     2,713,238       2,257,467  
                 
Office Lease Accumulated Amortization     (402,403 )     (274,980 )
Printer Lease Accumulated Amortization     (11,605 )     (10,123 )
Right Of Use Asset, Net   $ 2,299,230     $ 1,972,364  

 

During the three months ended June 30, 2021 and June 30, 2020, the Company recorded amortization expense of $82,668 and $109,458, respectively. During the six months ended June 30, 2021 and June 30, 2020, the Company recorded amortization expense of $128,905 and $217,704, respectively.