Right-of-use assets |
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Dec. 31, 2022 |
Dec. 31, 2021 |
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Right-of-use Assets | 10. Right-of-use Assets On August 1, 2022, the Company entered into a lease agreement for an office space with a monthly lease payment of $20,000 over a period of two years. The right-of-use assets recognized was measured at an amount equal to the recognized lease liabilities (note 13). The details of the right-of-use assets recognized as at December 31, 2022 are as follows:
During the year ended December 31, 2022, the Company recorded amortization on its right-of-use assets of $143,805 (2021 - $115,183) of which $55,041 was related to discontinued operations. As at December 31, 2022, the Company derecognized right-of-use assets with a net book value of $1,745,205 in connection with the loss of control of Bophelo Bio & Wellness (Pty) Ltd (note 5). |
7. Right-of-use assets
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