XML 64 R20.htm IDEA: XBRL DOCUMENT v3.22.1
LEASE LIABILITY
 12 Months Ended
Dec. 31, 2021
Lease Liability  
LEASE LIABILITY

15. LEASE LIABILITY

 

The Company leases certain assets under lease agreements. The lease liabilities consist of leases of facilities and vehicles with terms ranging from one to five years. The leases are calculated using incremental borrowing rates ranging from 7.5% to 10.5%

 

   Total 
Balance at December 31, 2019  $136,073 
Leases acquired in the Acquisition   87,203 
Interest expense   18,290 
Lease Payments   (83,442)
Balance at December 31, 2020  $158,124 
Addition   440,675 
Interest expenses   26,964 
Lease payments   (128,995)
Lease removal   (7,645)
Balance at December 31, 2021  $489,123 
      
Which consists of:     
Current lease liability  $110,481 
Non-current lease liability   378,642 
Balance at December 31, 2021  $489,123 

 

Maturity analysis  Total 
Less than one year  $150,276 
One to three years   251,765 
Four to five years   183,473 
Greater than five years   5,030 
Total undiscounted lease liabilities   

590,544

 
Amount representing implicit interest   

(101,421

)
Lease liability  $489,123