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LEASES (Tables)

3 Months Ended

Mar. 31, 2023

Leases

SUMMARY OF RIGHT-OF-USE ASSET AND LEASE LIABILITY

The table below summarizes the right-of-use asset and lease liability for the periods ended March 31, 2023 and December 31, 2022:

		March 31, 2023				December 31, 2022
Right of Use Assets
Balance, January 1		$	167,222			$	217,267
Right of use assets, beginning balance		$	167,222			$	217,267
Depreciation			(12,775	)			(50,045	)
Balance, end of period		$	154,447			$	167,222
Right of use assets, ending balance		$	154,447			$	167,222

Lease Liability
Balance, January 1		$	167,222			$	217,267
Lease liability, beginning balance		$	167,222			$	217,267
Lease interest expense			1,745				8,566
Payments			(14,520	)			(58,611	)
Balance, end of period		$	154,447			$	167,222
Lease liability, ending balance		$	154,447			$	167,222

Short-term portion		$	58,440			$	58,080
Long-term portion			96,007				109,142
Total		$	154,447			$	167,222

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

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

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS


2023			43,560
2024			59,520
2025			61,020
Total		$	164,100
Impact of discounting			(9,653	)
Lease liability, March 31, 2023		$	154,447