LEASES

12 Months Ended

Dec. 31, 2023

NOTE 11 – LEASES

The following tables present net lease cost and other supplemental lease information:

	Year Ended
	December 31, 2023
Lease cost
Operating lease cost (cost resulting from lease payments)	$	66,864
Sublease income		(66,864	)
Net lease cost	$	-

Operating lease – operating cash flows (fixed payments)	$	66,864
Operating lease – operating cash flows (liability reduction)	$	61,605
Current leases – right of use assets	$	-
Current liabilities – operating lease liabilities	$	-
Non-current liabilities – operating lease liabilities	$	-

Operating lease ROU assets	$	-
Weighted-average remaining lease term (in years)		-
Weighted-average discount rate		2.1	%

	Year Ended
	December 31, 2022
Lease cost
Operating lease cost (cost resulting from lease payments)	$	31,391
Sublease income		(31,391	)
Net lease cost	$	-

Operating lease – operating cash flows (fixed payments)	$	31,391
Operating lease – operating cash flows (liability reduction)	$	25,935
Current leases – right of use assets	$	61,353
Current liabilities – operating lease liabilities	$	61,605
Non-current liabilities – operating lease liabilities	$	-

Operating lease ROU assets	$
Weighted-average remaining lease term (in years)		0.75
Weighted-average discount rate		2.1	%

The Company does not have any future minimum payments under non-cancelable leases following the year ended December 31, 2023.