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LEASES
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
LEASES

Note 8      LEASES

 

The Company has two non-cancelable lease agreements for certain of the office and accommodation as well as fish farming containers for research and develop advanced technology for water circulation applying in fishery with original lease periods expiring between 2022 and 2023. The lease terms may include options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. The Company recognizes rental expense on a straight-line basis over the lease term.

 

The components of lease expense for the six months ended June 30, 2021 and June 30, 2020 were as follows: 

                   
    Statement of Income Location   Six months ended June 30, 2021   Six months ended June 30, 2020
        (Unaudited)   (Unaudited)
        $   $
Lease Costs                    
Operating lease expense   General and administrative expenses     2,212       26,224  
Total net lease costs         2,212       26,224  

 

Maturity of lease liabilities under our non-cancelable operating leases as of December 31, 2020 and June 30, 2021 are US$ nil.