XML 49 R22.htm IDEA: XBRL DOCUMENT v3.23.1
OPERATING LEASE RIGHT OF USE ASSET AND LEASE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2022
OPERATING LEASE RIGHT OF USE ASSET AND LEASE LIABILITIES  
Schedule of operating lease right of use assets

 

 

As of

 

 

As of

 

 

 

December 31,

2022

 

 

December 31,

2021

 

Balance as of December 31, 2021

 

$41,090

 

 

$62,529

 

Add: Addition of right of use assets

 

 

32,281

 

 

 

-

 

Reduction due to discount on rental

 

 

-

 

 

 

(913 )

Less: accumulated amortization

 

 

(15,534 )

 

 

(18,305 )

Foreign translation differences

 

 

(2,107 )

 

 

(2,221 )

Balance as of December 31, 2022

 

$55,730

 

 

$41,090

 

Schedule of the operating lease liability

 

 

As of

 

 

As of

 

 

 

December 31,

2022

 

 

December 31,

2021

 

Balance as of beginning of the year

 

$42,909

 

 

$63,079

 

Add: Addition of lease liabilities

 

 

30,770

 

 

 

-

 

Less: Discount on rental

 

 

-

 

 

 

(972 )

Less: gross repayment

 

 

(19,618 )

 

 

(16,856 )

Add: imputed interest

 

 

4,913

 

 

 

2,704

 

Foreign translation differences

 

 

(2,199 )

 

 

(5,046 )

Balance as of end of the year

 

 

56,775

 

 

 

42,909

 

Less: lease liabilities current portion

 

 

(16,569 )

 

 

(18,272 )

Lease liabilities non-current portion

 

$40,206

 

 

$24,637

 

Schedule of maturities of the operating lease obligation

 

 

As of

 

 

As of

 

Years ending December 31:

 

December 31,

2022

 

 

December 31,

2021

 

2022

 

 

-

 

 

 

18,272

 

2023

 

 

16,569

 

 

 

11,987

 

2024

 

 

17,048

 

 

 

12,650

 

2025

 

 

11,209

 

 

 

-

 

2026

 

 

11,949

 

 

 

-

 

Total

 

$56,775

 

 

$42,909

 

Schedule of Amortization of Right of Use

 

 

As of

 

 

As of

 

 

 

December 31,

2022

 

 

December 31,

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flow from operating leases

 

$(126,686 )

 

$(20,169 )

Right of use assets obtained in exchange for operating lease liabilities

 

 

55,730

 

 

 

41,090

 

Remaining lease term for operating leases (years)

 

 

4

 

 

 

2

 

Weighted average discount rate for operating leases

 

$6.40%

 

$5.40%