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Lease (Tables)

9 Months Ended

Sep. 30, 2022

Lease

Schedule of Lease Cost

Operating lease expense for the nine months and three months ended September 30, 2022 and 2021 was as follows:

 Schedule of Lease Cost

		2022				2021				2022				2021
		Nine Months Ended September 30,								Three Months Ended September 30,
		2022				2021				2022				2021
Operating lease cost – straight line		$	640,430			$	603,764			$	213,477			$	203,388

 

		September 30, 2022
Weighted-average remaining lease term - years
Operating leases - USA			4.09
Operating leases - Malaysia			1.63
Weighted-average discount rate (%)
Operating leases - USA			3.25	%
Operating leases - Malaysia			4.66	%

 

Schedule of Operating Lease Liability Maturity

The following is a schedule, by years, of maturities of operating lease liabilities as of September 30, 2022:

 Schedule of Operating Lease Liability Maturity

		Operating Leases
2022 (remainder)		$	210,874
2023			807,868
2024			754,510
2025			701,142
Thereafter			598,820
Total undiscounted cash flows			3,073,214

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases where the Company was the lessee for the nine months ended September 30, 2022 and 2021 was as follows:

 Schedule of Supplemental Cash Flow Information Related to Leases

		2022				2021
Operating cash outflows from operating leases		$	632,766			$	210,922

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- References

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- Definition

Schedule of Supplemental Cash Flow Information Related to Leases.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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