Is this result already a known theorem in geometry?

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I have been playing around with geometry and I found that:

Let two perpendicular lines intersect at a point that is inside a circle. Then the area of the quadrilateral formed by the vertices made by the lines cutting the circle is half of the product of the perpendicular chords' lengths. Like this:

enter image description here

Is this already a theorem or at least discovered? If so, what is the name of it?

If someone wants the proof: enter image description here