Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

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LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
Leases  
SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

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

 

    For the Three Months Ended  March 31,  
    2024     2023  
             
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 53,710     $ 56,449  
                 
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases   $ -     $ -  
                 
Weighted Average Remaining Lease Term:                
Operating leases     4.1       5.1  
                 
Weighted Average Discount Rate:                
Operating leases     7.0 %     7.0 %

SCHEDULE OF FUTURE MINIMUM LEASE COMMITMENT

Future minimum lease commitments are as follows:

  

       
For the period April 1 through December 31, 2024   $ 259,457  
For the years ended December 31,        
2025     357,881  
2026     368,617  
2027     365,004  
2028     120,463  
Total future minimum lease payments     1,471,422  
Less: imputed interest     (196,724 )
Net future minimum lease payments     1,274,698  
Less: operating lease liabilities, current portion     266,260  
Operating lease liabilities, non-current portion   $ 1,008,438