XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.1
LEASE OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2022
Lease Obligations  
SCHEDULE OF LEASE COST

   2022   2021 
   For the Year Ended December 31, 
   2022   2021 
Operating lease cost:          
Fixed rent expense  $100,818   $35,112 
Total Lease Costs  $100,818   $35,112 
SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases was as follows:

   2022   2021 
   For the Year Ended December 31, 
   2022   2021 
Cash paid for amounts included in the measurement of lease liabilities:          
Operating cash flows from operating leases  $101,471   $32,936 
Total cash paid for lease liabilities  $101,471   $32,936 
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

   December 31, 2022   December 31, 2021 
Operating leases:          
Operating lease right-of-use assets, net  $854,862   $22,643 
           
Operating lease liabilities:          
Current portion   208,660    19,763 
Long-term portion   649,895    - 
   $858,555   $19,763 
           
Weighted average remaining lease term (years)   5.50    0.58 
Weighted average discount rate   3.75%   6.00%
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT

Future minimum lease payments are as follows:

 

   Minimum 
   Lease 
Years Ending December 31,  Payment 
2023  $211,059 
2024   194,814 
2025   200,659 
2026   206,679 
2027   122,870 
Total undiscounted future non-cancelable minimum lease payments   936,081 
Less: Imputed interest   (77,526)
Present value of lease liabilities  $858,555 
Weighted average remaining term   5.50