Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2.2
LEASES (Tables)
9 Months Ended
Sep. 30, 2022
LEASES  
Schedule Of Operating Lease

Assets:

 

September 30,

2022

 

 

December 31,

2021

 

Operating lease right-of-use asset

 

$ 210,759

 

 

$ 27,225

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Current portion of long-term operating lease

 

$ 92,723

 

 

$ 15,178

 

Long-term operating lease, net of current portion

 

 

131,910

 

 

 

-

 

 

 

$ 224,634

 

 

$ 15,178

 

Schedule Of Components Of Lease Expense

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

September 30,

2022

 

 

September 30,

2021

 

 

September 30,

2022

 

 

September 30,

2021

 

Operating lease expense

 

$ 27,479

 

 

$ 6,470

 

 

$ 74,770

 

 

$ 19,409

 

Summary Of Other Information Related To Leases

 

 

For the

 

 

For the

 

 

 

Nine months

 

 

Year ended

 

 

 

September 30,

2022

 

 

December 31,

2021

 

Weighted-average remaining lease term:

 

 

 

 

 

Operating leases

 

2.19  Years

 

 

1.08 Years

 

 

 

 

 

 

 

 

Discount rate:

 

 

 

 

 

 

Operating leases

 

 

11.00 %

 

 

11.00 %
Schedule Of Supplemental Cash Flow Information

 

 

For the

 

 

 

Nine months

 

 

 

September 30,

2022

 

Cash paid for amounts included in the measurement of lease liabilities:

 

$ 48,849

 

Schedule Of Maturities Of Operating Lease Liability

Year Ended:

 

Operating Lease

 

December 31, 2022

 

$ 25,458

 

December 31, 2023

 

 

116,933

 

December 31, 2024

 

 

111,956

 

Total minimum lease payments

 

 

254,347

 

Less: Interest

 

 

29,714

 

Present value of lease obligations

 

 

224,633

 

Less: Current portion

 

 

92,723

 

Long-term portion of lease obligations

 

$ 131,910