Annual report pursuant to Section 13 and 15(d)

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

v3.22.1
Operating Lease Right-of-Use (“Rou”) Assets and Operating Lease Liabilities (Tables)
 12 Months Ended
Dec. 31, 2021
Operating Lease Right-of-Use (“Rou”) Assets and Operating Lease Liabilities [Abstract]
Schedule of right-of-use asset

December 31,
2021

 December 31,
2020
Office leases and office equipment right of use assets $ 269,590 $ 74,296
Less: accumulated amortization (18,418 ) (52,524 )
Balance of ROU assets $ 251,172 $ 21,772

Schedule of operating lease liabilities related to the ROU assets

December 31,

2021

 December 31,
2020
Lease liabilities related to office leases right of use assets $ 251,246 $ 22,216
Less: current portion of lease liabilities (44,927 ) (22,216 )
Lease liabilities – long-term $ 206,319 $
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Schedule of future minimum base lease payments due under non-cancelable operating leases
Year ended December 31, Amount
2022 $ 71,578
2023 71,578
2024 71,578
2025 70,483
2026 39,200
Total minimum non-cancelable operating lease payments 324,417
Less: discount to fair value (73,171 )
Total lease liability on December 31, 2021 $ 251,246