LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases

SUMMARY OF RIGHT-OF-USE ASSET AND LEASE LIABILITY

The table below summarizes the right-of-use asset and lease liability for the years ended December 31, 2023 and 2022:

Right of Use Assets
Balance at December 31, 2021	$	217,267
Depreciation		(50,045	)
Balance at December 31, 2022	$	167,222
Depreciation		(51,929	)
Balance at December 31, 2023	$	115,293
Lease Liability
Balance at December 31, 2021	$	217,267
Lease interest expense		8,566
Payments		(58,611	)
Balance at December 31, 2022	$	167,222
Lease interest expense		6,151
Payments		(58,080	)
Balance at December 31, 2023	$	115,293
Short-term portion	$	59,520
Long-term portion		55,773
Total	$	115,293

SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

Undiscounted rent payments are as follows:

2024		59,520
2025		61,020
Total	$	120,540
Impact of discounting		(5,247	)
Lease liability, December 31, 2023	$	115,293