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Lease
6 Months Ended
Jun. 30, 2023
Lease  
Lease

Note 6 – Lease

 

The following summarizes right-of-use asset and lease information about the Company’s operating lease as of June 30, 2023:

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

2023

 

Lease cost:

 

 

 

Operating lease cost

 

$30,000

 

 

 

 

 

 

Other information:

 

 

 

 

Cash paid for operating cash flows from operating leases

 

$30,000

 

Right -of-use assets obtained upon acquisition

 

$81,967

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (year)

 

 

0.17

 

Weighted-average discount rate — operating leases

 

 

5.50%

 

Future minimum lease payments under the operating lease liability have the following non-cancellable lease payments as of June 30, 2023:

 

2023 (excluding the six months ended June 30, 2023)

 

$10,000

 

Thereafter

 

 

-

 

 

 

 

10,000

 

Less: Imputed interest

 

 

(23)

Operating lease liabilities -current

 

$9,977