LEASES

6 Months Ended

Jun. 30, 2023

Leases

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 2.25 years at June 30, 2023. The weighted-average discount rate was 3.96% at June 30, 2023.

The Company’s operating lease expires in 2025. The following shows future lease payments for the remaining periods under operating lease at June 30, 2023:

Periods ending December 31,		Operating Lease Commitments
	2023	$	10,471
	2024		10,471
	2025		7,854
	Total operating lease commitments		28,796
	Less: imputed interest		(8,941	)
	Total right-of-use liability	$	19,855

The Company’s discounted current right-of-use lease liability and discounted non-current right-of-use lease liability at June 30, 2023 is $8,607 and $11,248, respectively.