Quarterly report pursuant to Section 13 or 15(d)

Commitments (Tables)

v3.19.3
Commitments (Tables)
3 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of impact of operating leasing on our consolidated financial statements

Consolidated statement of Operations

 

    Three Months Ended September 30,  
    2019  
    (Unaudited)  
Operating lease expense   $ 32,306  

 

Consolidated Balance Sheet

 

   

September 30,
2019

(Unaudited)

 
Right-of-use assets   $ 1,197,819  
Lease liabilities   $ 358,938  
Lease liabilities-non current   $ 838,881  
              
Weighted average remaining lease term     2.95 years  
Weighted average discount rate     4.75 %

 

Consolidated Statement of Cash Flows

 

    Three Months Ended September 30,  
   

2019

(Unaudited)

 
Cash flow from operating activities        
Right-of-use assets recognized in exchange for operating lease liabilities   $ 1,219,937
Schedule of future minimum lease payment

Twelve months ending September 30,   Minimum Lease Payment  
2020   $ 450,730  
2021     467,630  
2022     279,459  
2023     -  
2024     -  
Thereafter     -  
Total minimum payments required   $ 1,197,819