|9 Months Ended|
Sep. 30, 2022
|NOTE 7 - LEASES||
NOTE 7 - LEASES
On May 12, 2021, the Company entered into a lease arrangement for office space with Beckman/Lomas LLC, an entity controlled by a close family member of a director. Effective June 1, 2022, the related party had divested its interests in the property, and as such, will no longer constitute a related party transaction. On April 19, 2022, the Company entered into a lease arrangement for office space with an annual rent of $13 (£11) and the term from April 2022 through September 2023.
The following summarizes the right-of use asset and lease information about the Company’s operating lease as of September 30, 2022:
Future non-cancelable minimum lease payments under the operating lease liability as of September 30, 2022, are as follows:
The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef