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