LEASES

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

LEASES

6 LEASES

On March 22, 2021, the Company entered into a real property lease for an office located at 56B 5^th Avenue, Lot 1 #AT, Carmel By The Sea, California. The lease commenced on April 1, 2021 and is for a twelve month period, terminating on April 1, 2022. The Company applied the practical expedient whereby operating leases with a duration of twelve months or less are expensed as incurred. Following the expiry of the lease term, the landlord has agreed to continue the lease on a month-to-month basis at $4,800 per month.

Total Lease Cost

Individual components of the total lease cost incurred by the Company is as follows:

	Three months ended March 31, 2022		Three months ended March 31, 2021
Operating lease expense	$	14,400	$	11,835

Other lease information:

	Three months ended March 31, 2022			Three months ended March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(14,400	)	$	(11,835	)
Remaining lease term – operating lease		-			11 months

Maturity of Operating Leases

The amount of future minimum lease payments under operating leases are as follows:

	Amount
Undiscounted minimum future lease payments under leases with terms twelve months or less
Total instalments due:
2022	$	-