Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

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LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases  
SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Supplemental cash flow information related to the lease is as follows:

 

    For the Year Ended December 31,  
    2023     2022  
             
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 202,775     $ 175,316  
                 
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases   $ -     $ -  
                 
Weighted Average Remaining Lease Term:                
Operating leases     4.3       5.3  
                 
Weighted Average Discount Rate:                
Operating leases     N/A       N/A  
SCHEDULE OF FUTURE MINIMUM LEASE COMMITMENT

Future minimum lease commitments are as follows:

 SCHEDULE OF FUTURE MINIMUM LEASE COMMITMENT

For the Years Ending December 31,   Amount  
2024     336,102  
2025     357,881  
2026     368,617  
2027     365,004  
2028     120,464  
Total future minimum lease payments     1,548,068  
Less: imputed interest     (219,660 )
Net future minimum lease payments     1,328,408  
Less: operating lease liabilities, current portion     250,711  
Operating lease liabilities, non-current portion   $ 1,077,697