Registration statement for securities of certain foreign private issuers

INTEREST EXPENSE, NET (Tables)

v3.22.2.2
INTEREST EXPENSE, NET (Tables)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
INTEREST EXPENSE, NET    
Schedule of company earned interest income and incurred interest expense

    

For the Years Ended December 31,

    

2021

    

2020

Interest (expense) income

Bank and other cash

$

(74,081)

$

55,649

Total interest (expense) income

 

(74,081)

 

55,649

Interest expense/finance costs

Lease liabilities

 

131,291

 

131,291

Other interest paid – loans

 

103,357

 

455,394

Amortization of debt discount

 

140,837

 

322,947

Total interest expense/ finance costs

 

375,485

 

909,632

Total interest (expense), net

$

(449,566)

$

(853,983)

    

For the Years Ended December 31,

    

2020

    

2019

Interest income

Bank and other cash

$

55,649

$

1,996

Other financial assets – loans

 

 

102,431

Total interest income

 

55,649

 

104,427

Interest expense/finance costs

Lease liabilities

 

131,291

 

122,190

Other interest paid – loans

 

455,394

 

266,059

Amortization of debt discount

 

322,947

 

580,049

Total interest expense/ finance costs

 

909,632

 

968,298

Total interest (expense) income, net

$

(853,983)

$

(863,871)