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NOTE 4 - LEASES: Schedule of Maturities of Operating Lease Liabilities (Tables)
3 Months Ended
Mar. 31, 2022
Tables/Schedules  
Schedule of Maturities of Operating Lease Liabilities

Future minimum payments for monthly base rent due under the initial lease term are currently estimated to be as follows:

 

Years ending December 31,

 

2022 (remaining)

$

100,467

2023

 

141,036

2024

 

148,074

2025

 

176,268

2026

 

88,134

Total lease payments

$

653,979

Less: Imputed interest

 

(68,915)

Total lease liability

 

585,064

Less: current lease liability

 

(109,242)

Long-term lease liability

$

475,822

 

 

 

Weighted average discount rate:

 

 

Operating leases

 

4.94%