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OPERATING LEASES (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Operating Leases    
SCHEDULE OF COMPONENTS OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION

The components of lease expense and supplemental cash flow information related to leases for the nine months ended September 30, 2022 and 2021 are as follows:

 

   2022   2021 
Operating lease cost (included in general and administrative expenses in the Company’s unaudited condensed consolidated statements of operations)  For the nine months ended
September 30,
 
   2022   2021 
         
Related parties  $16,132   $27,944 
Non-related parties   109,050    79,471 
Total  $125,182   $107,415 

 

Other information for the nine months ended  

September 30,

2022

   

September 30,

2021

 
Cash paid for amounts included in the measurement of lease obligations   $ 110,768     $ 101,203  
Weighted average remaining lease term (in years)     3.31       3.92  
Weighted average discount rate     3.23 %     3.23 %

The components of lease expense and supplemental cash flow information related to leases for the years ended December 31, 2021 and 2020 are as follows:

 

Operating lease cost (included in general and administrative expenses in the Company’s consolidated statements of operations) for the years ended  December 31,
2021
   December 31,
2020
 
         
Related parties  $32,677   $100,302 
Non-related parties   118,315    15,197 

 

Other information for the years ended  December 31,
2021
  

December 31,

2020

 
Cash paid for amounts included in the measurement of lease obligations  $151,586   $57,115 
Weighted average remaining lease term (in years)   3.82    3.48 
Weighted average discount rate   3.23%   3.23%
SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS

Maturities of the Company’s lease obligations as of September 30, 2022 are as follows:

 

Year ending December 31,    
2022 (remaining)  $46,458 
2023   130,694 
2024   102,573 
2025   92,635 
2026   41,462 
Thereafter   5,621 
Total lease payment   419,443 
Less: Imputed interest   (24,278)
Operating lease obligations  $395,165 

Maturities of the Company’s lease obligations as of December 31, 2021 are as follows:

 

Year ending December 31,    
2022  $163,885 
2023   118,279 
2024   87,001 
2025   82,482 
2026   46,426 
Thereafter   6,294 
Total lease payment   504,367 
Less: Imputed interest   (29,570)
Operating lease obligations  $474,797