Note 7 - Leases

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Lessee, Operating Leases and Finance Lease [Text Block]

Note 7. Leases

We have operating leases for our corporate offices in Canada. Our leases have remaining lease terms of one month to two months, and our primary operating leases include options to extend the leases for four years. Future renewal options that are not likely to be executed as of the balance sheet date are excluded from right-of-use assets and related lease liabilities.

We report operating leased assets, as well as operating lease current and noncurrent obligations on our balance sheets for the right to use the building in our business.

The components of lease expense were as follows:

	Three Months Ended June 30, 2023		Three Months Ended June 30, 2022
Operating lease cost	$	9,508	$	10,015

	Six Months Ended June 30, 2023		Six Months Ended June 30, 2022
Operating lease cost	$	18,959	$	20,108

Supplemental cash flow information related to leases was as follows:

	Six Months Ended June 30, 2023		Six Months Ended June 30, 2022
Cash paid for amounts included in leases:
Operating cash flows from operating leases	$	19,522	$	20,704

Supplemental balance sheet information related to leases was as follows:

	June 30, 2023		December 31, 2022
Operating leases:
Operating lease right-of-use assets	$	5,058	$	23,063
Current portion of operating lease obligations	$	3,601	$	22,199
Operating lease obligations, net of current portion		-		-
Total operating lease liabilities	$	3,601	$	22,199

	June 30, 2023			December 31, 2022
Weighted Average Remaining Lease Term
Operating lease (in years)		0.1			0.6
Weighted Average Discount Rate
Operating lease		9.0	%		9.0	%

A summary of future minimum payments under non-cancellable operating lease commitment as of June 30, 2023 is as follows:

Years ending December 31,	Total
2023 (remainder of year)		4,548
Total lease liabilities	$	4,548
Less amount representing interest		(947	)
Total		3,601
Less current portion		(3,601	)
	$	-