Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)

v3.22.1
RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)
12 Months Ended
Dec. 31, 2021
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

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