v3.24.1.1.u2
LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases  
SCHEDULE OF NET LEASE COST AND OTHER SUPPLEMENTAL LEASE INFORMATION

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

 

   2023   2022 
   For the Years Ended 
   December 31, 
   2023   2022 
Lease Costs          
Operating lease cost (cost resulting from lease payments)  $168,028   $163,132 
Net lease costs  $168,028   $163,132 
           
Operating lease - operating cash flows (fixed payments)  $168,028   $163,132 
Operating lease - operating cash flows (liability reduction)  $139,328   $119,055 
Non-current leases - right of use assets  $151,447   $241,760 
Current liabilities - operating lease liabilities  $162,317   $139,328 
Non-current liabilities - operating lease liabilities  $-   $162,317 
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 following the year ended December 31, 2023:

 

Fiscal Year  Operating Leases 
     
2024  $173,060 
Total future minimum lease payments   173,060 
Amount representing interest   (10,743)
Present value of net future minimum lease payments  $162,317