Quarterly report pursuant to Section 13 or 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)
 3 Months Ended
Mar. 31, 2023
Operating Lease Right-of-Use (“Rou”) Assets and Operating Lease Liabilities [Abstract]  
Schedule of rental period amount per month
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
    March 31,
2023		     December 31,
2022		  
Office leases and office equipment right of use assets   $ 480,293     $ 480,293  
Less: accumulated amortization     (133,600 )     (104,881 )
Balance of ROU assets   $ 346,693     $ 375,412  

 
Schedule of operating lease liabilities related to the ROU assets
    March 31,
2023		     December 31,
2022		  
Lease liabilities related to office leases right of use assets   $ 348,342     $ 376,566  
Less: current portion of lease liabilities     (120,640 )     (117,671 )
Lease liabilities – long-term   $ 227,702     $ 258,895  

 
Schedule of future minimum base lease payments due under non-cancelable operating leases
Twelve months ended March 31,   Amount  
2024   $ 147,956  
2025     148,388  
2026     80,934  
2027     22,400  
Total minimum non-cancelable operating lease payments     399,678  
Less: discount to fair value     (51,336 )
Total lease liability on March 31, 2023   $ 348,342