LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Leases

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Supplemental cash flow information related to the Company’s operating and finance leases is as follows:

	For the Six Months Ended June 30,
	2024			2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating lease	$	115,767		$	113,743
Operating cash flows from finance lease	$	-		$	-
Right-of-use assets obtained in exchange for lease obligations:
Operating lease	$	-		$	-
Finance lease	$	75,734		$	-
Weighted Average Remaining Lease Term (in years):
Operating lease		3.8			4.8
Finance lease		4.0			-
Weighted Average Discount Rate:
Operating leases		7.0	%		7.0	%
Finance Lease		50.0	%		N/A

SCHEDULE OF FUTURE MINIMUM LEASE COMMITMENT

Future minimum lease commitments in connection with the Company’s leases are as follows:

	Operating Lease			Finance Lease			Total
For the period July 1 through December 31, 2024	$	175,432		$	22,891		$	198,323
For the years ended December 31,								-
2025		357,881			39,242			397,123
2026		368,617			39,242			407,859
2027		365,004			39,242			404,246
2028		120,464			19,390			139,854
Total future minimum lease payments		1,387,398			160,007			1,547,406
Less: imputed interest		(174,757	)		(85,549	)		(260,307	)
Net future minimum lease payments		1,212,641			74,458			1,287,099
Less: operating lease liabilities, current portion		276,440			11,701			288,141
Operating lease liabilities, non-current portion	$	936,201		$	62,757		$	998,958