v3.24.1.1.u2
LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
Leases  
SCHEDULE OF NET LEASE COST AND OTHER SUPPLEMENTAL LEASE INFORMATION

The following table presents net lease cost and other supplemental lease information:

 

   2024   2023 
   For the Three Months Ended 
   March 31, 
   2024   2023 
Lease Costs          
Operating lease cost (cost resulting from lease payments)  $43,265   $42,007 
Net lease costs  $43,265   $42,007 
           
Operating lease - operating cash flows (fixed payments)  $43,265   $42,007 
Operating lease - operating cash flows (liability reduction)  $38,781   $33,288 
Non-current leases - right of use assets  $115,385   $212,749 
Current liabilities - operating lease liabilities  $123,536   $144,821 
Non-current liabilities - operating lease liabilities  $-   $123,536 
SCHEDULE OF FUTURE MINIMUM PAYMENTS UNDER NON-CANCELABLE LEASES FOR OPERATING LEASES

Future minimum payments under non-cancelable leases for operating leases for the remaining terms of the leases as of March 31, 2024:

 

Fiscal Year  Operating Leases 
     
2024  $129,795 
Total future minimum lease payments   129,795 
Amount representing interest   (6,259)
Present value of net future minimum lease payments  $123,536