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Lease obligation (Tables)
12 Months Ended
Dec. 31, 2022
Lease obligation  
Lease Obligations

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Aircraft

 

$378,769

 

 

$712,762

 

Office Building

 

 

858,378

 

 

 

1,185,356

 

Printer

 

 

9,576

 

 

 

4,486

 

 

 

 

1,246,723

 

 

 

1,902,604

 

Current portion of lease obligations

 

 

650,315

 

 

 

532,936

 

Long-term lease obligations

 

 

596,408

 

 

 

1,369,668

 

Maturity Of Lease Liabilities

Maturity of lease liabilities:

 

Weighted Average

Remaining Lease Term

 

2023

 

$740,800

 

 

2.3 years

 

2024

 

 

382,842

 

 

1.7 years

 

2025

 

 

259,528

 

 

0.8 years

 

2026

 

 

3,140

 

 

0.9 years

 

Total lease payments

 

 

1,386,310

 

 

 

 

Less imputed interest

 

 

(139,587)

 

 

 

Total discounted lease payments

 

 

1,246,723

 

 

 

 

Current portion of lease obligations

 

 

650,315

 

 

 

 

Non-current portion of lease obligations

 

 

596,408

 

 

 

 

 

 

Lease Term Till

 

Option to Extend

 

Incremental Borrowing Rate

 

Aircraft

 

April 2024

 

Executed

 

 

11.2%

Office Building

 

September 2025

 

No

 

 

6.1%

Printer

 

November 2026

 

No

 

 

10.8%