NOTE 10 – LEASE

The Company leased warehouse facilities under non-cancelable operating leases with a lease term of two years. Pursuant to the terms of the lease agreements, the Company may apply for renewal three months prior to the expiry of the lease term, subject to the Landlord’s consent. The Landlord has agreed to refund the security deposit upon termination of the leases, provided that the original deposit receipt is returned.

Right of use assets and lease liability – right of use are as follows:

SCHEDULE OF RIGHT OF USE ASSETS AND LEASE LIABILITY

The lease liability is as follows:

The future minimum lease payment schedule as follows:

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT