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