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RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2022
RELATED PARTY TRANSACTIONS  
Schedule of lease information

 

 

Balance Sheet

 

 

June 30,

 

 

December 31,

 

 

 

Classification

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets

 

Other long-term assets

 

 

$114,793

 

 

$0

 

Current lease liabilities

 

Other current liabilities

 

 

 

26,837

 

 

 

0

 

Non-current lease liabilities

 

Other long-term liabilities

 

 

 

87,956

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2022, our maturities of our lease liability are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

 

 

 

 

 

 

 

 

Maturity of lease liabilities

 

Operating Leases

 

 

 

 

 

 

 

 

 

2023

 

$27,717

 

 

 

 

 

 

 

 

 

2024

 

 

27,717

 

 

 

 

 

 

 

 

 

2025

 

 

27,717

 

 

 

 

 

 

 

 

 

2026

 

 

27,717

 

 

 

 

 

 

 

 

 

2027

 

 

27,717

 

 

 

 

 

 

 

 

 

Thereafter

 

 

21,172

 

 

 

 

 

 

 

 

 

Total lease payments

 

$159,757

 

 

 

 

 

 

 

 

 

Less: Imputed interest

 

 

(49,964)

 

 

 

 

 

 

 

 

Present value of lease liabilities

 

$114,793