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LEASES (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2022 and the year ended December 31, 2021:

		June 30, 2022				December 31, 2021
Right of Use Assets
Balance, January 1		$	217,267			$	483,113
Right of use assets, beginning balance		$	217,267			$	483,113
Depreciation			(25,583	)			(265,846	)
Balance, end of period		$	191,684			$	217,267
Right of use assets, ending balance		$	191,684			$	217,267

Lease Liability
Balance, January 1		$	217,267			$	483,113
Lease liability, beginning balance		$	217,267			$	483,113
Lease interest expense			4,678				22,057
Payments			(30,261	)			(287,903	)
Balance, end of period		$	191,684			$	217,267
Lease liability, ending balance		$	191,684			$	217,267

Short-term portion		$	57,390			$	77,715
Long-term portion			134,294				139,552
Total		$	191,684			$	217,267
Lease liability, ending balance		$	191,684			$	217,267

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

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

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS


2022			28,350
2023			58,080
2024			59,520
2025			61,020
Total		$	206,970
Impact of discounting			(15,286	)
Lease liability, June 30, 2022		$	191,684