Lease (Tables)

9 Months Ended

Sep. 30, 2024

Lease

Schedule of Lease Cost

Operating lease expense for the nine months ended September 30, 2024 and 2023 was as follows:

	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023
Operating lease cost – straight line	$	578,259	$	636,569		189,429		197,588

Schedule of Operating Lease Liability Maturity

The following is a schedule, by years, of maturities of operating lease liabilities as of September 30, 2024:

	Operating Leases
2024	$	176,725
2025		701,142
2026		598,820
Thereafter		-
Total undiscounted cash flows		1,476,687
Less: imputed interest		(48,244	)
Present value of lease liabilities		1,428,443

Schedule of Lease Term and Discount Rate

	September 30, 2024
Weighted-average remaining lease term – years
Operating leases – USA		2.08
Operating leases – Malaysia		0.17
Weighted-average discount rate (%)
Operating leases – USA		3.36	%
Operating leases – Malaysia		2.78	%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases where the Company was the lessee for the nine months ended September 30, 2024 and 2023 was as follows:

	2024		2023
Operating cash outflows from operating leases	$	577,847	$	618,083