Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental cash flow information
    Three Months Ended
March 31,
 
    2022     2021  
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flows paid for operating lease   $ 35,759     $ 29,590  
Right-of-use assets obtained in exchange for lease obligation:                
Operating lease   $
-
    $ 133,201  

 

Schedule of lease term and discount rate for the Company’s operating lease
    Operating
Lease
 
Weighted average remaining lease term (in years)     0.83  
Weighted average discount rate     4.88 %

 

Schedule of maturity of lease liability
For the Twelve-month Period Ending March 31:   Operating
Lease
 
2023   $ 125,271  
2024 and thereafter    
-
 
Total lease payments     125,271  
Amount of lease payments representing interest     (2,048 )
Total present value of operating lease liabilities   $ 123,223  
         
Current portion   $ 123,223