Annual report pursuant to Section 13 and 15(d)

Operating Lease Right-Of-Use (???Rou???) Assets and Operating Lease Liabilities (Tables)

v3.23.1
Operating Lease Right-Of-Use (“Rou”) Assets and Operating Lease Liabilities (Tables)
 12 Months Ended
Dec. 31, 2022
Operating Lease Right-of-Use (“Rou”) Assets and Operating Lease Liabilities [Abstract]  
Schedule of monthly base rent
Rental Period   Amount per Month  
June 1, 2022 – May 31, 2023   $ 5,441  
June 1, 2023 – May 31, 2024   $ 5,604  
June 1, 2024 – May 31, 2025   $ 5,772  

 
Schedule of right-of-use asset
    December 31,
2022		     December 31,
2021		  
Office leases and office equipment right of use assets   $ 480,293     $ 269,590  
Less: accumulated amortization     (104,881 )     (18,418 )
Balance of ROU assets   $ 375,412     $ 251,172  

 
Schedule of operating lease liabilities related to the ROU assets
    December 31, 2022     December 31,
2021		  
Lease liabilities related to office leases right of use assets   $ 376,566     $ 251,246  
Less: current portion of lease liabilities     (117,671 )     (44,927 )
Lease liabilities – long-term   $ 258,895     $ 206,319  

 
Schedule of future minimum base lease payments due under non-cancelable operating leases
Twelve months ended December 31,   Amount  
2023   $ 147,466  
2024     149,460  
2025     100,133  
2026     39,200  
Total minimum non-cancelable operating lease payments     436,259  
Less: discount to fair value     (59,693 )
Total lease liability on December 31, 2022   $ 376,566