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Lease
9 Months Ended
Sep. 30, 2022
Lease  
Lease

Note 9 – Lease

 

The following summarizes right-of-use asset and lease information about the Company’s operating lease as of September 30, 2022:

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2022

 

Lease cost

 

 

 

Operating lease cost

 

$25,000

 

 

 

 

 

 

Other information

 

 

 

 

Cash paid for operating cash flows from operating leases

 

$25,000

 

Right -of-use assets obtained upon acquisition

 

$81,967

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (year)

 

 

0.92

 

Weighted-average discount rate — operating leases

 

 

5.50%

Future minimum lease payments under the operating lease liability has the following non-cancellable lease payments as of September 30, 2022:

 

2022 (excluding the nine months ended September 30, 2022)

 

$15,000

 

2023

 

 

40,000

 

Thereafter

 

 

-

 

 

 

 

55,000

 

Less: Imputed interest

 

 

(1,238)

Operating lease liabilities

 

$53,762

 

 

 

 

 

 

Operating lease liabilities - current

 

$53,762

 

Operating lease liabilities- non-current

 

$-