Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 20, 2019 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | PACIFIC HEALTH CARE ORGANIZATION INC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 3,200,000 | |
Amendment Flag | false | |
Entity Central Index Key | 0001138476 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash | $ 7,368,174 | $ 7,072,507 |
Accounts receivable, net of allowance of $28,442 and $28,442 | 1,100,867 | 940,426 |
Deferred tax assets | 63,465 | 63,465 |
Prepaid income tax | 73,959 | 73,959 |
Receivable – Other | 23,715 | 23,715 |
Prepaid expenses | 186,545 | 163,255 |
Total current assets | 8,816,725 | 8,337,327 |
Property and Equipment, net | ||
Computer equipment | 407,503 | 405,219 |
Furniture and fixtures | 215,960 | 215,960 |
Office equipment | 9,556 | 9,556 |
Total property and equipment | 633,019 | 630,735 |
Less: accumulated depreciation and amortization | (507,992) | (489,108) |
Net property and equipment | 125,027 | 141,627 |
Operating lease right-of-use asset, net | 719,861 | 0 |
Other assets | 26,788 | 26,788 |
Total assets | 9,688,401 | 8,505,742 |
Current Liabilities | ||
Accounts payable | 70,672 | 63,724 |
Accrued expenses | 272,092 | 248,455 |
Credit card payable | 1,444 | 3,146 |
Income tax payable | 122,859 | 100 |
Deferred rent expense | 22,707 | 26,114 |
Dividend payable | 37,000 | 37,000 |
Operating lease liabilities, current portion | 247,472 | 0 |
Unearned revenue | 45,448 | 45,448 |
Total current liabilities | 819,694 | 423,987 |
Long Term Liabilities | ||
Operating lease liabilities, long-term portion | 472,389 | 0 |
Total Liabilities | 1,292,083 | 423,987 |
Commitments and Contingencies | ||
Stockholders’ Equity | ||
Preferred stock; 5,000,000 shares authorized at $0.001 par value of which 10,000 shares designated as Series A preferred and 4,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 | 4 | 4 |
Common stock, $0.001 par value, 200,000,000 shares authorized, 3,200,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 | 3,200 | 3,200 |
Additional paid-in capital | 425,669 | 425,669 |
Retained earnings | 7,967,445 | 7,652,882 |
Total stockholders’ equity | 8,396,318 | 8,081,755 |
Total liabilities and stockholders’ equity | $ 9,688,401 | $ 8,505,742 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts receivable, allowance (in Dollars) | $ 28,442 | $ 28,442 |
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 4,000 | 4,000 |
Preferred stock, shares outstanding | 4,000 | 4,000 |
Common stock par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 3,200,000 | 3,200,000 |
Common stock, outstanding | 3,200,000 | 3,200,000 |
Series A Preferred Stock [Member] | ||
Preferred stock, shares authorized | 10,000 | 10,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Revenues: | ||
Revenues | $ 1,783,438 | $ 1,583,309 |
Expenses: | ||
Depreciation and amortization | 18,884 | 16,344 |
Consulting fees | 79,635 | 78,814 |
Salaries and wages | 753,705 | 491,478 |
Professional fees | 77,965 | 77,470 |
Insurance | 73,383 | 67,029 |
Outsource service fees | 124,809 | 95,881 |
Data maintenance | 10,300 | 32,431 |
General and administrative | 207,435 | 168,205 |
Total expenses | 1,346,116 | 1,027,652 |
Income from operations | 437,322 | 555,657 |
Other expense | ||
Interest expense | 0 | 0 |
Total other expense | 0 | 0 |
Income before taxes | 437,322 | 555,657 |
Income tax provision | (122,759) | (155,976) |
Net income | $ 314,563 | $ 399,681 |
Earnings per share amount (in Dollars per share) | $ 0.10 | $ 0.12 |
Weighted average common shares outstanding (in Shares) | 3,200,000 | 3,200,000 |
Fully diluted earnings per share: | ||
Earnings per share amount (in Dollars per share) | $ 0.09 | $ 0.11 |
Fully diluted common shares outstanding (in Shares) | 3,544,000 | 3,544,000 |
HCO Fees [Member] | ||
Revenues: | ||
Revenues | $ 370,342 | $ 399,442 |
MPN Fees [Member] | ||
Revenues: | ||
Revenues | 123,865 | 134,644 |
Utilization review [Member] | ||
Revenues: | ||
Revenues | 292,683 | 287,021 |
Medical bill review [Member] | ||
Revenues: | ||
Revenues | 134,997 | 114,039 |
Medical case management [Member] | ||
Revenues: | ||
Revenues | 781,614 | 582,569 |
Other Revenues [Member] | ||
Revenues: | ||
Revenues | $ 79,937 | $ 65,594 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Equity - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balances at Dec. 31, 2017 | $ 4 | $ 3,200 | $ 425,669 | $ 6,293,105 | $ 6,721,978 |
Net Income | 399,681 | 399,681 | |||
Balances at Mar. 31, 2018 | 4 | 3,200 | 425,669 | 6,692,786 | 7,121,659 |
Balances at Dec. 31, 2018 | 4 | 3,200 | 425,669 | 7,652,882 | 8,081,755 |
Net Income | 314,563 | 314,563 | |||
Balances at Mar. 31, 2019 | $ 4 | $ 3,200 | $ 425,669 | $ 7,967,445 | $ 8,396,318 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows from operating activities: | ||
Net income | $ 314,563 | $ 399,681 |
Adjustments to reconcile net income to net cash: | ||
Depreciation and amortization | 18,884 | 16,344 |
Changes in operating assets and liabilities | ||
(Increase) decrease in accounts receivable | (160,441) | 377,919 |
(Increase) in prepaid expenses | (23,290) | (3,875) |
Increase (decrease) in accounts payable | 6,948 | (47,225) |
(Decrease) in deferred rent expense | (3,407) | (1,142) |
(Decrease) in credit card payables | (1,702) | 0 |
Increase (decrease) in accrued expenses | 23,637 | (4,412) |
Increase in income tax payable | 122,759 | 155,976 |
Decrease in unearned revenue | 0 | 332 |
Net cash provided in operating activities | 297,951 | 893,598 |
Cash flows from investing activities: | ||
Purchase of furniture and office equipment | (2,284) | (2,988) |
Net cash used in investing activities | (2,284) | (2,988) |
Cash flows from financing activities: | ||
Net cash used in financing activities | 0 | 0 |
Increase in cash | 295,667 | 890,610 |
Cash at beginning of period | 7,072,507 | 5,815,071 |
Cash at end of period | 7,368,174 | 6,705,681 |
Cash paid for: | ||
Interest | 0 | 0 |
Income taxes paid | 0 | 0 |
Non-cash investing and financing activities | ||
Initial recognition of operating lease right of use asset and operating lease liabilities | $ 719,861 | $ 0 |
NOTE 1 - BASIS OF FINANCIAL STA
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “Commission”) and in accordance with accounting principles generally accepted in the United States (“GAAP”). Certain information and footnote disclosures normally included in consolidated financial statements have been condensed or omitted in accordance with GAAP rules and regulations. The information furnished in these interim condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect both the recorded values of assets and liabilities at the date of the condensed consolidated financial statements and the revenues recognized and expenses incurred during the reporting period. These estimates and assumptions affect the Company’s recognition of deferred expenses, bad debts, income taxes, the carrying value of its long-lived assets and its provision for certain contingencies. The reasonableness of these estimates and assumptions is evaluated continually based on a combination of historical information and other information that comes to the Company’s attention that may vary its outlook for the future. While management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed consolidated financial statements be read in conjunction with the Company’s audited financial statements and notes thereto included in its annual report on Form 10-K for the year ended December 31, 2018. Operating results for the three months ended March 31, 2019, are not necessarily indicative of the results to be expected for the year ending December 31, 2019. Principles of Consolidation Basis of Accounting — Revenue Recognition Topic 606 creates a five-step model to recognize revenue which includes (i) identifying the contract with the customer, (ii) identifying the performance obligations in the contract, (iii) determining the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocating the transaction price to the respective performance obligations in the contract, and (v) recognizing revenue when (or as) the Company satisfies the performance obligation. The Company derives its revenue from the sale of managed care, bill review, utilization review and medical case management services. These services are billed individually as separate components to our customers. These fees include monthly administration fees, claim network fees, legal support fees, Medicare set-aside fees, lien service fees, workers’ compensation carve-outs, flat rate fees or hourly fees depending on the agreement with the client. The Company enters into arrangements for bundled managed care which includes various units of accounting such as network solutions and patient management, including managed care. Such elements are considered separate units of accounting due to each element having value to the customer on a stand-alone basis and are billed separately. The selling price for each unit of accounting is determined using the contract price. When the Company’s customers purchase several products the pricing of the products sold is generally the same as if the products were sold on an individual basis. Revenue is recognized as the work is performed in accordance with the Company’s customer contracts. Based upon the nature of the Company’s products, bundled managed care elements are generally delivered in the same accounting period. The Company recognizes revenue for patient management services ratably over the life of the customer contract. Based upon prior experience in managed care, the Company estimates the deferral amount from when the customer’s claim is received to when the customer contract expires. Advance payments from subscribers and billings made in advance are recorded on the balance sheet as deferred revenue. Accounts Receivables and Bad Debt Allowance The percentages of the amounts due from major customers to total accounts receivable as of March 31, 2019 and December 31, 2018, are as follows: 3 /3 1 /201 9 12 /3 1 /201 8 Customer A 31 % 27 % Customer B 3 % 10 % Customer C 10 % 9 % Significant Customers - During the period ended March 31, 2019 and 2018, we had three customers that accounted for more than 10% of our total sales. The following table sets forth details regarding the percentage of total sales attributable to our significant customers in the past two years: 3 /3 1 /201 9 3 /3 1 /201 8 Customer A 28 % 32 % Customer B 13 % 11 % Customer C 10 % 6 % Leases |
NOTE 2- OPERATING LEASES
NOTE 2- OPERATING LEASES | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Text Block [Abstract] | |
Lessee, Operating Leases [Text Block] | NOTE 2 - OPERATING LEASES In July 2015, the Company entered a 79-month lease to lease approximately 9,439 square feet of office space that commenced in September 2015. This office space serves as the Company’s principal executive offices, as well as, the principal offices of our operating subsidiaries. In March 2017, the Company entered a 39-month operating lease for an office copy machine with scanner with monthly payment at $1,723, commencing in April 2017. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Generally the implicit rate of interest in arrangements is not readily determinable and the Company utilizes its incremental borrowing rate in determining the present value of lease payments. The Company’s incremental borrowing rate is a hypothetical rate based on its understanding of what its credit rating would be. The operating lease ROU asset includes any lease payments made and excludes lease incentives. The components of lease expense and supplemental cash flow information related to leases for the period are as follows: Three Months Ended March 31, 2019 Lease Cost Operating lease cost (included in general and administrative in the Company’s condensed consolidated statement of operations) $ 66,230 Other Information Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2019 $ 66,230 Weighted average remaining lease term – operating leases (in years) 3 years Average discount rate – operating leases 5.75 % The supplemental balance sheet information related to leases for the period is as follows: At March 31, 2019 Operating leases Long-term right-of-use assets $ 719,861 Short-term operating lease liabilities $ 247,472 Long-term operating lease liabilities 472,389 Total operating lease liabilities $ 719,861 Maturities of the Company’s lease liabilities are as follows: Year Ending Operating Leases 2019 (remaining 9 months) $ 191,449 2020 281,803 2021 257,024 2022 71,359 Total lease payments 801,635 Less: Imputed interest/present value discount (81,774 ) Present value of lease liabilities $ 719,861 Lease expenses were $66,230 and $66,230 during the three months ended March 31, 2019 and 2018, respectively. |
NOTE 3 - SUBSEQUENT EVENTS
NOTE 3 - SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE 3 - SUBSEQUENT EVENTS In accordance with ASC 855-10 Company management reviewed all material events through the date of issuance and there are no material subsequent events to report. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation |
Basis of Accounting, Policy [Policy Text Block] | Basis of Accounting — |
Revenue [Policy Text Block] | Revenue Recognition Topic 606 creates a five-step model to recognize revenue which includes (i) identifying the contract with the customer, (ii) identifying the performance obligations in the contract, (iii) determining the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocating the transaction price to the respective performance obligations in the contract, and (v) recognizing revenue when (or as) the Company satisfies the performance obligation. The Company derives its revenue from the sale of managed care, bill review, utilization review and medical case management services. These services are billed individually as separate components to our customers. These fees include monthly administration fees, claim network fees, legal support fees, Medicare set-aside fees, lien service fees, workers’ compensation carve-outs, flat rate fees or hourly fees depending on the agreement with the client. The Company enters into arrangements for bundled managed care which includes various units of accounting such as network solutions and patient management, including managed care. Such elements are considered separate units of accounting due to each element having value to the customer on a stand-alone basis and are billed separately. The selling price for each unit of accounting is determined using the contract price. When the Company’s customers purchase several products the pricing of the products sold is generally the same as if the products were sold on an individual basis. Revenue is recognized as the work is performed in accordance with the Company’s customer contracts. Based upon the nature of the Company’s products, bundled managed care elements are generally delivered in the same accounting period. The Company recognizes revenue for patient management services ratably over the life of the customer contract. Based upon prior experience in managed care, the Company estimates the deferral amount from when the customer’s claim is received to when the customer contract expires. Advance payments from subscribers and billings made in advance are recorded on the balance sheet as deferred revenue. |
Receivable [Policy Text Block] | Accounts Receivables and Bad Debt Allowance The percentages of the amounts due from major customers to total accounts receivable as of March 31, 2019 and December 31, 2018, are as follows: 3 /3 1 /201 9 12 /3 1 /201 8 Customer A 31 % 27 % Customer B 3 % 10 % Customer C 10 % 9 % |
Concentration Risk, Customer Risk, Policy [Policy Text Block] | Significant Customers - During the period ended March 31, 2019 and 2018, we had three customers that accounted for more than 10% of our total sales. The following table sets forth details regarding the percentage of total sales attributable to our significant customers in the past two years: 3 /3 1 /201 9 3 /3 1 /201 8 Customer A 28 % 32 % Customer B 13 % 11 % Customer C 10 % 6 % |
Lessee, Leases [Policy Text Block] | Leases |
NOTE 1 - BASIS OF FINANCIAL S_2
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Credit Concentration Risk [Member] | |
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Tables) [Line Items] | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | The percentages of the amounts due from major customers to total accounts receivable as of March 31, 2019 and December 31, 2018, are as follows: 3 /3 1 /201 9 12 /3 1 /201 8 Customer A 31 % 27 % Customer B 3 % 10 % Customer C 10 % 9 % |
Customer Concentration Risk [Member] | |
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Tables) [Line Items] | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | During the period ended March 31, 2019 and 2018, we had three customers that accounted for more than 10% of our total sales. The following table sets forth details regarding the percentage of total sales attributable to our significant customers in the past two years: 3 /3 1 /201 9 3 /3 1 /201 8 Customer A 28 % 32 % Customer B 13 % 11 % Customer C 10 % 6 % |
NOTE 2- OPERATING LEASES (Table
NOTE 2- OPERATING LEASES (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Text Block [Abstract] | |
Lease, Cost [Table Text Block] | The components of lease expense and supplemental cash flow information related to leases for the period are as follows: Three Months Ended March 31, 2019 Lease Cost Operating lease cost (included in general and administrative in the Company’s condensed consolidated statement of operations) $ 66,230 Other Information Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2019 $ 66,230 Weighted average remaining lease term – operating leases (in years) 3 years Average discount rate – operating leases 5.75 % |
Lessee, Operating Lease, Disclosure [Table Text Block] | The supplemental balance sheet information related to leases for the period is as follows: At March 31, 2019 Operating leases Long-term right-of-use assets $ 719,861 Short-term operating lease liabilities $ 247,472 Long-term operating lease liabilities 472,389 Total operating lease liabilities $ 719,861 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Maturities of the Company’s lease liabilities are as follows: Year Ending Operating Leases 2019 (remaining 9 months) $ 191,449 2020 281,803 2021 257,024 2022 71,359 Total lease payments 801,635 Less: Imputed interest/present value discount (81,774 ) Present value of lease liabilities $ 719,861 |
NOTE 1 - BASIS OF FINANCIAL S_3
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Details) | 3 Months Ended | |
Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) | |
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Details) [Line Items] | ||
Accounts Receivable, Allowance for Credit Loss | $ 28,442 | $ 28,442 |
Operating Lease, Right-of-Use Asset | 719,861 | $ 0 |
Operating Lease, Liability | 719,861 | |
Cumulative Effect on Retained Earnings, Net of Tax | $ 0 | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | ||
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Details) [Line Items] | ||
Number of Customers | 3 |
NOTE 1 - BASIS OF FINANCIAL S_4
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Details) - Schedules of Credit Concentration Risk - Credit Concentration Risk [Member] - Accounts Receivable [Member] | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Customer A [Member] | ||
Concentration Risk [Line Items] | ||
Credit Concentration Risk, Percentage | 31.00% | 27.00% |
Customer B [Member] | ||
Concentration Risk [Line Items] | ||
Credit Concentration Risk, Percentage | 3.00% | 10.00% |
Customer C [Member] | ||
Concentration Risk [Line Items] | ||
Credit Concentration Risk, Percentage | 10.00% | 9.00% |
NOTE 1 - BASIS OF FINANCIAL S_5
NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION (Details) - Schedules of Customer Concentration Risk - Customer Concentration Risk [Member] - Revenue Benchmark [Member] | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Customer A [Member] | ||
Concentration Risk [Line Items] | ||
Customer Concentration Risk | 28.00% | 32.00% |
Customer B [Member] | ||
Concentration Risk [Line Items] | ||
Customer Concentration Risk | 13.00% | 11.00% |
Customer C [Member] | ||
Concentration Risk [Line Items] | ||
Customer Concentration Risk | 10.00% | 6.00% |
NOTE 2- OPERATING LEASES (Detai
NOTE 2- OPERATING LEASES (Details) | Mar. 31, 2017USD ($) | Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Jul. 31, 2015ft² |
Disclosure Text Block [Abstract] | ||||
Lessee, Operating Lease, Term of Contract | 39 months | 79 months | ||
Area of Real Estate Property (in Square Feet) | ft² | 9,439 | |||
Operating Leases, Rent Expense, Minimum Rentals | $ 1,723 | |||
Operating Leases, Rent Expense | $ 66,230 | $ 66,230 |
NOTE 2- OPERATING LEASES (Det_2
NOTE 2- OPERATING LEASES (Details) - Lease, Cost | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Lease, Cost [Abstract] | |
Operating lease cost (included in general and administrative in the Company’s condensed consolidated statement of operations) | $ 66,230 |
Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2019 | $ 66,230 |
Weighted average remaining lease term – operating leases (in years) | 3 years |
Average discount rate – operating leases | 5.75% |
NOTE 2- OPERATING LEASES (Det_3
NOTE 2- OPERATING LEASES (Details) - Lessee, Operating Lease, Disclosure - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Lessee, Operating Lease, Disclosure [Abstract] | ||
Long-term right-of-use assets | $ 719,861 | $ 0 |
Short-term operating lease liabilities | 247,472 | 0 |
Long-term operating lease liabilities | 472,389 | $ 0 |
Total operating lease liabilities | $ 719,861 |
NOTE 2- OPERATING LEASES (Det_4
NOTE 2- OPERATING LEASES (Details) - Lessee, Operating Lease, Liability, Maturity | Mar. 31, 2019USD ($) |
Lessee, Operating Lease, Liability, Maturity [Abstract] | |
2019 (remaining 9 months) | $ 191,449 |
2020 | 281,803 |
2021 | 257,024 |
2022 | 71,359 |
Total lease payments | 801,635 |
Less: Imputed interest/present value discount | (81,774) |
Present value of lease liabilities | $ 719,861 |