Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2019

COMMITMENTS AND CONTINGENCIES (Tables)

Schedule of operating lease commitments

		2019
Operating lease expense		$	134,000
Cash paid for amounts included in the measurement of operating lease obligations		$	134,000

Schedule of operating leases were recorded in the condensed consolidated balance sheet

		As of
		December 31, 2019
Operating lease right-of-use assets		$	41,000
Operating lease obligations – current		$	41,000
Total lease obligations		$	41,000

Weighted average remaining lease term (in months)		4 months
Weighted average discount rate			5.5	%

Schedule of measurement of lease liabilities

		Operating Leases
2020		$	41,000
Total future minimum lease payments		$	41,000
Less imputed interest			—
Total operating lease liability		$	41,000