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LEASES
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
LEASES

NOTE 4 – LEASES

 

The Company entered into an operating lease agreement on October 14, 2021 for an automobile, resulting in the recording of an initial liability and corresponding right-of-use asset of $35,906. The weighted-average remaining non-cancelable lease term for the Company’s operating lease was 2.50 years at March 31, 2023. The weighted-average discount rate was 3.96% at March 31, 2023.

 

The Company’s operating lease expires in 2025. The following shows future lease payments for the remaining periods under operating lease at March 31, 2023:

 

   
Periods ending December 31,  Operating Lease Commitments
 2023   $7,683 
 2024    10,244 
 2025    7,683 
 Total operating lease commitments    25,610 
 Less: imputed interest    (4,133)
 Total right-of-use liability   $21,477 

 

The Company’s discounted current right-of-use lease liability and discounted non-current right-of-use lease liability at March 31, 2023 is $8,337 and $13,140, respectively.