Leases	3 Months Ended
Mar. 31, 2022
Leases
Leases	Note 7 - Leases The Company leased an office space from a third party on December 2017 for four-year term with the expiration date on January 14, 2022. We determined the lease is an operating lease upon adoption of ASC 842 on January 1, 2019. Operating leases result in the recognition of ROU assets and lease liabilities on the balance sheet with 5.5% incremental borrowing rate used. Lease expense for these leases is recognized on a straight-line basis over the lease term. During the three months ended March 31, 2022 and 2021, the Company recorded $nil and $16,107 rent expenses, respectively, and no lease payments made during the quarters. As of March 31, 2022 and December 31, 2021, the Company had $83,070 rent payable toward the lease agreement.

Leases

3 Months Ended

Mar. 31, 2022

Note 7 - Leases

The Company leased an office space from a third party on December 2017 for four-year term with the expiration date on January 14, 2022. We determined the lease is an operating lease upon adoption of ASC 842 on January 1, 2019. Operating leases result in the recognition of ROU assets and lease liabilities on the balance sheet with 5.5% incremental borrowing rate used. Lease expense for these leases is recognized on a straight-line basis over the lease term. During the three months ended March 31, 2022 and 2021, the Company recorded $nil and $16,107 rent expenses, respectively, and no lease payments made during the quarters. As of March 31, 2022 and December 31, 2021, the Company had $83,070 rent payable toward the lease agreement.