LEASES (Tables)

3 Months Ended

Mar. 31, 2022

Leases

SUMMARY OF RIGHT-OF-USE ASSET AND LEASE LIABILITY

The table below summarizes the right-of-use asset and lease liability for the period ended March 31, 2022:

	March 31, 2022			December 31, 2021
Right of Use Assets
Balance, January 1	$	217,267		$	483,113
Depreciation		(13,546	)		(265,846	)
Balance, end of period	$	203,721		$	217,267
Lease Liability
Balance, January 1	$	217,267		$	483,113
Lease interest expense		2,539			22,057
Payments		(16,085	)		(287,903	)
Balance, end of period	$	203,721		$	217,267
Short-term portion	$	57,045		$	77,715
Long-term portion		146,676			139,552
Total	$	203,721		$	217,267

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

Undiscounted rent payments for the next four years are as follows:

2022	$	42,525
2023		58,080
2024		59,520
2025		61,020
Total	$	221,145
Impact of discounting		(17,424	)
Lease liability, March 31, 2022	$	203,721