In July 2020, the Company entered into a sublease agreement with respect to its N.Y. office. The sublease agreement

expired

in April 2022. The base rent of the sublease agreement is $7,048.50 per month and increases by 2.5% in July 2021.

The Company entered into an agreement to sublet a portion of its office space. The sublease is considered to be an operating lease and the Company has not been released from its obligations under the March 16, 2017, 5-year lease agreement. The Company recognizes income from sublease on a straight-line basis over the term of the sublease, as a reduction to lease expense. The sublease is not measured under ASC 842 since the Company remains the primary obligor under the original lease and the sublease is considered to be an operating lease

Finance Lease

On May 14, 2021, the Company entered into a 4-year financing lease agreement for a piece of equipment. Base rent payment is approximately $1,107 per month.

Supplemental cash flow information related to leases:	Three months ended March 31, 2022

Finance cash flows used in finance lease	$	(2,754	)
Operating cash flows from finance lease	$	2,754

Supplemental balance sheet information related to leases:	As of March 31, 2022

Finance lease Right-of-use assets	$	39,882

Current portion of finance lease liability	$	12,159
Long-term finance lease liability		27,723
Total finance lease liability	$	39,882

Weighted average remaining operating lease term		3.08 years
Weighted average discount rate		6	%

The following table summarizes the maturity of lease liability under finance lease as

of March 31, 2022:

2022	$	10,574
2023		14,099
2024		14,099
2025		4,700
Total lease payments		43,472
Less: imputed interest		(3,590	)
Total lease liabilities	$	39,882
Less: current portion		(12,159	)
Noncurrent lease liabilities	$	27,723