XML 53 R31.htm IDEA: XBRL DOCUMENT v3.23.3
LEASES (Tables)
6 Months Ended
Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]  
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES

 SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES

   June 30,   December 31, 
   2023   2022 
Weighted average remaining lease term (in years)   4.46    2.08 
Weighted average discount rate   7.92%   7.57%
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT

Future minimum lease payments required under operating leases on an undiscounted cash flow basis as of June 30, 2023 were as follows:

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES

    For the Year Ended, 
    December 31, 
Remainder of 2023   $229,096 
2024    508,481 
2025    421,498 
2026    427,670 
2027    443,707 
Thereafter    

112,968

 
Total minimum lease payments    2,143,420 
Less: imputed interest    (356,532)
Present value of future minimum lease payments    1,786,888 
       
Current operating lease liabilities   $349,651 
Non-current operating lease liabilities   $1,437,237 
Titan Trucking LLC [Member]  
Restructuring Cost and Reserve [Line Items]  
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES

 

   As of December 31, 
   2022   2021 
Weighted average remaining lease term (in years)   2.08    3.08 
Weighted average discount rate   7.57%   7.57%
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT

Future minimum lease payments required under operating leases on an undiscounted cash flow basis as of December 31, 2022 are as follows: 

 

Fiscal Year  Operating Lease Payments 
2023  $107,930 
2024   111,168 
2025   9,287 
Total minimum lease payments   228,385 
Less: imputed interest   (17,852)
Present value of future minimum lease payments  $210,533 
      
Current operating lease liabilities   95,243 
Non-current operating lease liabilities   115,290