|
NOTE 7 - LEASE
The following summarizes right-of use asset and lease information about the Company’s operating lease as of August 31, 2021:
|
|
August 31, |
|
|
|
2021 |
|
Lease costs |
|
|
|
Operating lease costs |
|
$ |
7 |
|
|
|
|
|
|
Other information |
|
|
|
|
Cash paid for operating cash flows from operating leases |
|
$ |
2 |
|
Right-of-use assets obtained in exchange for new operating lease liability |
|
$ |
97 |
|
|
|
|
|
|
Weighted-average remaining lease term — operating lease (year) |
|
|
3.00 |
|
Weighted-average discount rate — operating lease |
|
|
3.00 |
% |
Future minimum lease payments under the operating lease liability has non-cancelable lease payments at August 31, 2021 as follows:
|
|
Total |
|
Year Ended August 31, |
|
|
|
2022 |
|
|
30 |
|
2023 |
|
|
34 |
|
2024 |
|
|
35 |
|
Thereafter |
|
|
- |
|
|
|
|
99 |
|
Less: Imputed interest |
|
|
(4 |
) |
Operating lease liabilities |
|
|
95 |
|
|
|
|
|
|
Operating lease liability - current |
|
|
28 |
|
Operating lease liability - non-current |
|
$ |
67 |
|
|