XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

LEASE OBLIGATION | 6 Months Ended
--- | ---
Jun. 30, 2022
Lease Obligation |
LEASE OBLIGATION | NOTE 6 LEASE OBLIGATION The Company leases office and showroom space pursuant to a sublease that expires in February 2027. In April 2022, the Company entered into the sublease and as a result recognized a right-of-use asset and a liability of $1,428,764. Because the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate of 5% to determine the present value of the lease payments at the measurement date. Supplemental information related to the lease and future minimum lease payments as of June 30, 2022 are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS
|  | June 30, 2022 |
Cash paid for operating lease liabilities |  | $ | 27,813 |
Right-of-use assets obtained in exchange for new operating lease obligations |  |  | 1,428,764 |
Remaining lease term, months |  |  | 58 |
Discount rate |  |  | 5 | %
Fixed rent payment |  | $ | 26,893 |
Lease – Depreciation expense |  | $ | 44,124 |
2022 –Remaining Period |  | $ | 94,732 |
2023 |  |  | 279,809 |
2024 |  |  | 304,227 |
2025 |  |  | 330,198 |
2026 |  |  | 357,840 |
2027 |  |  | 61,958 |
Total |  | $ | 1,428,764 |

X
- References No definition available. + Details
Name: | SKYX_DisclosureLeaseObligationAbstract
Namespace Prefix: | SKYX_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration