|9 Months Ended
Sep. 30, 2022
Note 11 – Leases
The Company leases office space under a non-cancellable operating lease and leases cancellable with one month notice. The Company expenses the cancellable leases in the period incurred in accordance with the practical expedient elected. As such, one lease makes up the entirety of the right-of-use asset and lease liability disclosed.
For the three and nine months ended September 30, 2022, components of lease expense are summarized as follows:
Short-term lease costs under month-to-month lease agreements are paid to related parties.
As of September 30, 2022, the maturities of the Company’s lease liabilities are as follows:
Other information related to operating leases was as follows:
As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021, future lease payments under ASC 840 for operating leases were as follows: