Annual report pursuant to Section 13 and 15(d)

Commitments and Contincengies (Tables)

v3.22.1
Commitments and Contincengies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental cash flow information
    Years Ended
December 31,
 
    2021     2020  
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flows paid for operating lease   $ 130,071     $ 66,000  
Right-of-use assets obtained in exchange for lease obligation:                
Operating lease   $ 133,879     $ 201,028  

 

Schedule of lease term and discount rate for the Company’s operating lease
    Operating Lease  
Weighted average remaining lease term (in years)     1.08  
Weighted average discount rate     4.88 %

 

Schedule of maturity of lease liability
For the Year Ending December 31:   Operating
Lease
 
2022   $ 154,947  
2023     5,913  
2024 and thereafter    
-
 
Total lease payments     160,860  
Amount of lease payments representing interest     (3,557 )
Total present value of operating lease liabilities   $ 157,303  
         
Current portion   $ 151,402  
Long-term portion     5,901  
Total   $ 157,303