Registration statement for securities of certain foreign private issuers

RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)

v3.22.2.2
RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
RIGHT OF USE ASSET AND LEASE LIABILITY    
Summary of carrying amounts of right-of-use assets

​

​

​

​

​

​

​

​

​

    

As of December 31,

​

​

2021

    

2020

Right of use asset – buildings

​

$

1,378,312

​

$

1,378,312

Right of use asset – office space

 

​

58,412

 

​

58,412

Right of use asset – leaseholds

 

​

992,410

 

​

992,410

Foreign currency translation

 

​

(117,959)

 

​

(39,007)

Accumulated depreciation on right of use assets

 

​

(1,233,934)

 

​

(726,246)

Right of use asset, net.

​

$

1,077,241

​

$

1,663,881

​

​

​

​

​

​

​

​

​

    

As of December 31,

​

​

2020

    

2019

Right of use asset – buildings

​

$

1,378,312

​

$

1,378,312

Right of use asset – office space

 

​

58,412

 

​

58,412

Right of use asset – leaseholds

 

​

992,410

 

​

992,410

Foreign currency translation

 

​

(39,007)

 

​

—

Accumulated depreciation on right of use assets

 

​

(726,246)

 

​

(235,061)

Right of use asset, net.

​

$

1,663,881

​

$

2,194,073

Summary of maturity analysis of lease liabilities

​

​

​

​

​

​

​

​

​

    

As of December 31,

​

​

2021

    

2020

Within one year

​

$

436,270

​

$

545,132

Two to five years

 

​

298,594

 

​

660,034

Thereafter

 

​

9,007,645

 

​

9,924,141

​

 

​

9,742,509

 

​

11,129,307

Less: finance charges component

 

​

(8,411,649)

 

​

(9,276,243)

​

​

$

1,330,860

​

$

1,853,064

Lease liabilities, current

​

$

436,271

​

$

545,132

Lease liabilities, non-current

​

 

894,589

​

 

1,307,932

​

​

$

1,330,860

​

$

1,853,064

​

​

​

​

​

​

​

​

​

    

As of December 31,

​

​

2020

    

2019

Within one year

​

$

545,132

​

$

544,551

Two to five years

 

​

660,034

 

​

1,214,787

Thereafter

 

​

9,924,141

 

​

15,534,632

​

 

​

11,129,307

 

​

17,293,970

Less: finance charges component

 

​

(9,276,243)

 

​

(15,020,231)

​

​

$

1,853,064

​

$

2,273,739

Lease liabilities, current

​

$

545,132

​

$

544,551

Lease liabilities, non-current

​

 

1,307,932

​

 

1,729,188

​

​

$

1,853,064

​

$

2,273,739