LEASES

6 Months Ended

Jun. 30, 2022

Leases [Line Items]

Leases

NOTE 4 – LEASES

Finance Lease

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

Supplemental cash flow information related to leases:	Three months ended June 30, 2022			Six months ended June 30, 2022
Finance cash flows from finance lease	$	(3,161	)	$	(5,915	)
Operating cash flows from finance lease	$	3,161		$	5,915

Supplemental balance sheet information related to leases:	As of June 30, 2022
Finance lease Right-of-use assets	$	36,906
Current portion of finance lease liability	$	12,337
Long-term finance lease liability		24,569
Total finance lease liability	$	36,906
Weighted average remaining operating lease term		2.75 years
Weighted average discount rate		6	%

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

of June 30, 2022:

2022 (remaining six months)	$	7,049
2023		14,099
2024		14,099
2025		4,700
Total lease payments		39,947
Less: imputed interest		(3,041	)
Total lease liabilities	$	36,906