Leases

3 Months Ended

Mar. 31, 2023

Disclosure Text Block [Abstract]

LEASES

6 LEASES

On March 22, 2021, the Company entered into a real property lease for an office located at 56B 5^th Street, 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. 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. On January 1, 2023, the Company entered into a new month-to-month lease, with a 90 day termination clause, for a monthly rental of $5,088.

The Company applied the practical expedient whereby operating leases with a duration of twelve months or less are expensed as incurred.

Total Lease Cost

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

	Three months ended March 31, 2023		Three months ended March 31, 2022
Operating lease expense	$	15,264	$	14,400

Other lease information:

	Three months ended March 31, 2023			Three months ended March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(15,264	)	$	(14,400	)
Remaining lease term – operating lease		Monthly			Monthly