Lease

12 Months Ended

Dec. 31, 2022

Lease

Lease

Note 10 – Lease

The Company’s operating lease obligation is for the Company’s office facility. Our lease has a remaining lease term of approximately 3.33 years and does not offer an option to extend the lease. The components of lease expense and other lease information as of and during the years ended December 31, 2022 and 2021 are as follows:

	Year Ended December 31,
	2022		2021
Operating Lease Expense Recognized	$	86,343	$	78,569
Cash paid for amounts included in measurement of lease liabilities	$	81,567	$	79,072

	At December 31, 2022			At December 31, 2021
Operating lease right-of-use asset	$	260,177		$	313,856
Operating lease liability	$	265,148		$	315,632
Weighted-average remaining lease term		3.33 years			3.58 years
Weighted-average discount rate		3.75	%		3.75	%

Future minimum lease payments under non-cancellable leases, reconciled to our discounted operating lease liability is as follows:

	At
Year Ending	December 31,
December 31,	2022
2023	$	86,317
2024		79,536
2025		68,803
2026		40,828
Total future minimum lease payments		275,484
Less imputed interest		(10,336	)
Total operating lease liabilities	$	265,148