RIGHT OF USE ASSET AND LEASE LIABILITY
|12 Months Ended|
Dec. 31, 2021
|RIGHT OF USE ASSET AND LEASE LIABILITY|
|RIGHT OF USE ASSET AND LEASE LIABILITY||
NOTE 9 — RIGHT OF USE ASSET AND LEASE LIABILITY
Net carrying amounts of right-of-use assets
The carrying amounts of right-of-use assets are as follows:
During the year ended December 31, 2021, the Company recorded depreciation of right-of-use assets of $507,688 (2020 — $491,185) which is included in cost of revenue on the accompanying statements of operations and comprehensive loss.
The maturity analysis of lease liabilities is as follows:
The weighted average discount rate utilized to calculate the present value of the lease liabilities was 11.25%.
The entire disclosure for leases.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef