LEASES

6 Months Ended

Jun. 30, 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:

	Six months ended June 30, 2022		Six months ended June 30, 2021
Operating lease expense	$	28,800	$	17,857

Other lease information:

	Six months ended June 30, 2022			Six months ended June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(28,800	)	$	(39,070	)
Remaining lease term – operating lease		-			9 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	$	-