Quarterly report pursuant to Section 13 or 15(d)

Commitment and Contingencies (Tables)

v3.22.1
Commitment and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of lease information
The remaining lease term and discount rate related to the operating lease are presented in the following table:

March 31, 2022
Weighted-average remaining term – operating lease (in years)

1.58
Weighted-average discount rate – operating lease

12  %
Reported as:

Operating lease liability $ 85,601 
Operating lease liability, net of current portion 55,906 
Total lease liability $ 141,507 
Schedule of future minimum lease payments
Future minimum lease payments as of March 31, 2022 are presented in the following table:

Year:
2022 (remaining nine months) 73,089 
2023 83,093 
Total future minimum lease payments: 156,182 
Less imputed interest (14,675)
Total $ 141,507