Quarterly report pursuant to Section 13 or 15(d)

Right of Use Leased Asset

v3.21.2
Right of Use Leased Asset
 9 Months Ended
Sep. 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 September 30, 2021 and December 31, 2020:

               
             
   

September 30,

2021

    

December 31,

2020

  
Office Lease Asset   $ 2,696,036     $ 2,245,093  
Printer Lease Asset     12,374       12,374  
Right Of Use Asset, Gross     2,708,410       2,257,467  
                 
Accumulated Amortization     (487,123 )     (285,103 )
Right Of Use Asset, Net   $ 2,221,287     $ 1,972,364  

 

ROU asset amortization during the three months ended September 30, 2021 and September 30, 2020, was $82,323 and $89,412, respectively. ROU asset amortization during the nine months ended September 30, 2021 and September 30, 2020, was $202,020 and $307,115, respectively.