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LEASES (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and the year ended December 31, 2021:

		September 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			(37,748	)			(265,846	)
Balance, end of period		$	179,519			$	217,267
Right of use assets, ending balance		$	179,519			$	217,267
Lease Liability
Balance, January 1		$	217,267			$	483,113
Lease liability, beginning balance		$	217,267			$	483,113
Lease interest expense			6,687				22,057
Payments			(44,435	)			(287,903	)
Balance, end of period		$	179,519			$	217,267
Lease liability, ending balance			179,519				217,267

Short-term portion		$	57,735			$	77,715
Long-term portion			121,784				139,552
Total		$	179,519			$	217,267
Lease liability, ending balance			179,519				217,267

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

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

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS


2022			14,175
2023			58,080
2024			59,520
2025			61,020
Total		$	192,795
Impact of discounting			(13,276	)
Lease liability, September 30, 2022		$	179,519