OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of right-of- use assets

Right-of-use assets at December 31, 2023 and 2022 are summarized below:

	December 31, 2023			December 31, 2022
Office lease	$	37,502		$	48,957
Less accumulated amortization		(7,212	)		(38,493	)
Right of use assets, net	$	30,290		$	10,464

Schedule of operating lease liabilities

Operating Lease liabilities are summarized below:

	December 31, 2023			December 31, 2022
Office lease	$	30,457		$	10,807
Less: current portion		(18,483	)		(10,807	)
Long term portion	$	11,974		$	-

Schedule of Maturity of lease liabilities

Maturity of lease liabilities are as follows:

Year ended December 31, 2024	$	20,548
Year ended December 31, 2025		12,261
Total future minimum lease payments		32,809
Less: Present value discount		(2,352	)
Lease liability	$	30,457

Schedule of Finance Right-Of-Use Assets

Finance right of use assets are summarized below:

	December 31,			December 31,
	2023			2022
Vehicle lease	$	53,100		$	-
Vessel lease		61,607			-
Sonar lease		18,987			-
		133,694			-
Less accumulated amortization		(17,673	)		-
Finance right of use asset	$	116,021		$	-

Schedule of Finance Lease Liabilities

Finance lease liabilities are summarized below:

	December 31,			December 31,
	2023			2022
Vehicle lease	$	45,034		$	-
Vessel lease		60,085			-
Sonar lease		17,061			-
		122,180			-
Less: current portion		(22,263	)		-
Long term portion	$	99,917		$	-

Schedule of Future minimum lease payments

Maturity of lease liabilities are as follows:

Year Ended December 31, 2024	$	37,758
Year Ended December 31, 2025		37,758
Year Ended December 31, 2026		37,758
Year Ended December 31, 2027		37,758
Thereafter		4,414
Total future minimum lease payments		155,446
Less imputed interest		(33,266	)
PV of payments	$	122,180

Schedule of Expenses with respect to Finance Leases

Expenses incurred with respect to the Company’s finance leases during the years ended December 31, 2023 and 2022 which are included in general and administrative expenses on the consolidated statements of operations are set forth below.

	December 31,		December 31,
	2023		2022
Finance lease amortization	$	26,915	$	-
Finance lease interest		15,314		-
Total finance lease expense	$	42,229	$	-

Schedule of Weighted Average Remaining Lease Team and Average Discount on Finance Leases

The weighted average remaining lease term and the weighted average discount rate on the finance leases at December 31, 2023 and 2022 are set forth below.

	December 31,		December 31,
	2023		2022
Weighted average remaining lease term		4.17 years		-
Weighted average discount rate		12%		-