Lease obligation |
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| Lease obligation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease obligation |
12.Lease obligation The Company entered into an office lease during the year ended December 31, 2022. A reconciliation of the outstanding lease obligation as at December 31, 2022 is as follows:
The office lease requires monthly payments of $7,875 and an end date of February 29, 2024. The right-of-use asset and lease obligation were measured at the present value of the lease payments and discounted using an incremental borrowing rate of 7.71%. The following is a schedule of the Company’s future minimum lease payments related to the office lease obligation:
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- Definition The entire disclosure for leases. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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