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