Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases  
Summary of Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year at September 30, 2022 were as follows:

 

    Total  
Year Ended December 31,        
2022   $ 70,367  
2023     205,987  
2024     63,835  
Thereafter     -  
Total undiscounted lease payments     340,189  
Less: Imputed interest     (10,795 )
Operating lease liabilities     329,394  
         
Operating lease liability - current     229,652  
Operating lease liability - non-current   $ 99,742  
Summary of Other Supplemental Information

The following summarizes other supplemental information about the Company’s operating lease as of September 30, 2022:

 

Weighted average discount rate     4.83 %
Weighted average remaining lease term (years)     1.40