LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2022

Lease Right-of-use Asset And Lease Liabilities

SCHEDULE OF OPERATING LEASE RIGHT AND LEASE LIABILITY

The initial recognition of operating lease right and lease liability as follows:

Right-of-use assets, net as of December 31, 2020	$	30,699
Less: amortization		(16,088	)
Foreign exchange translation		632
Right-of-use assets, net as of December 31, 2021		15,243
Lease liability as of December 31, 2020	$	30,699
Add: imputed interest		1,064
Less: principal repayment		(17,152	)
Foreign exchange translation		632
Lease liability as of December 31, 2021	$	15,243

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

As of March 31, 2022, operating lease right-of-use assets as follows:

Right-of-use assets, net as of December 31, 2021	$	15,243
Amortization for the period ended March 31, 2022		(4,208	)
Foreign exchange translation		37
Right-of-use assets, net as of March 31, 2022	$	11,072

As of March 31, 2022, operating lease liability as follows:

Lease liability as of December 31, 2021	$	15,243
Add: imputed interest for the period ended March 31, 2022		148
Less: gross repayment for the period ended March 31, 2022		(4,355	)
Foreign exchange translation		36
Lease liability as of March 31, 2022	$	11,072
Lease liability current portion	$	11,072
Lease liability non-current portion	$	-
Maturities of the loan for each of the five years and thereafter are as follows:
2022	$	11,072

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

Other information:

	Three months ended March 31
	2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow to operating lease	$	4,355
Remaining lease term for operating lease (years)		0.64
Weighted average discount rate for operating lease		4.75	%