Operating Lease Right-of-Use Asset and Liabilities |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Lease Right-of-Use Asset and Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
OPERATING LEASE RIGHT-OF-USE ASSET AND LIABILITIES | NOTE 6 – OPERATING LEASE RIGHT-OF-USE ASSET AND LIABILITIES
On September 1, 2019, the Company entered in a lease agreement for office space, the right-of-use asset is recognized as following:
Operating lease liability consist both current and noncurrent component as the following:
ASU 2016-02 requires that public companies use a secured incremental browning rate for the present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Lease terms and discount rate follow.
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