LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

6 Months Ended

Jun. 30, 2024

Lease Right-of-use Asset And Lease Liabilities

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

11. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

Right-Of-Use Assets
Balance as of December 31, 2023	$	651,853
New right-of-use assets recognized		107,621
Amortization for the six months ended June 30, 2024		(28,774	)
Adjustment for non-exercising option		(100,240	)
Adjustment for foreign currency translation difference		(17,766	)
Balance as of June 30, 2024	$	612,694
Lease Liability
Balance as of December 31, 2023	$	651,853
New lease liability recognized		107,621
Imputed interest for the six months ended June 30, 2024		16,826
Gross repayment for the six months ended June 30, 2024		(45,600	)
Adjustment for non-exercising option		(100,240	)
Adjustment for foreign currency translation difference	$	(17,766	)
Balance as of June 30, 2024	$	612,694
Lease liability current portion		59,707
Lease liability non-current portion	$	552,987

Other information:

	Six months ended June 30, 2024			Six months ended June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow to operating lease	$	45,600		$	47,475
Right-of-use assets obtained in exchange for operating lease liabilities		-			-
Remaining lease term for operating lease (years)		8.30			0.96
Weighted average discount rate for operating lease		5.58	%		5.40	%