RIGHT OF USE ASSET AND LEASE LIABILITY (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |
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Jul. 31, 2022 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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IfrsStatementLineItems [Line Items] | |||
Depreciation right-of-use assets | $ 814,220 | $ 507,688 | |
Right of use asset | $ 12,573,710 | 1,077,241 | |
Weighted average discount rate utilized to calculate the present value of the lease liabilities | 7.71% | ||
Weighted average remaining life of lease | 22 years | ||
Buildings Related Party [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Right of use asset | $ 11,149,101 | ||
University of antelope valley [member] | Buildings Related Party [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Lease term | 12 years | ||
Right of use asset | $ 11,149,101 |
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- References No definition available.
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- Definition Right of use assets lease term. No definition available.
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- Definition Weighted average remaining life of lease. No definition available.
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- Definition The amount of depreciation of right-of-use assets. [Refer: Depreciation and amortisation expense; Right-of-use assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The weighted average lessee's incremental borrowing rate applied to lease liabilities recognised in the statement of financial position at the date of initial application of IFRS 16. The incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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