Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental cash flow information
    Six Months Ended
June 30,
 
    2022     2021  
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flows paid for operating lease   $ 82,792     $ 65,035  
Right-of-use assets obtained in exchange for lease obligation:                
Operating lease   $
-
    $ 133,473  

 

Schedule of lease term and discount rate for the Company’s operating lease
    Operating Lease  
Weighted average remaining lease term (in years)     0.58  
Weighted average discount rate     4.88 %

 

Schedule of maturity of lease liability
For the Twelve-month Period Ending June 30:   Operating Lease  
2023   $ 75,263  
2024 and thereafter    
-
 
Total lease payments     75,263  
Amount of lease payments representing interest     (915 )
Total present value of operating lease liabilities   $ 74,348  
         
Current portion   $ 74,348