OPERATING LEASES (Tables)

12 Months Ended

Dec. 31, 2023

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 years ended December 31, 2023 and 2022 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, 2023		December 31, 2022
Related parties	$	16,195	$	20,736
Non-related parties		120,907		150,804

Other information for the years ended	December 31, 2023			December 31, 2022
Cash paid for amounts included in the measurement of lease obligations	$	147,001		$	172,425
Weighted average remaining lease term (in years)		2.33			3.11
Weighted average discount rate		3.23	%		3.23	%

SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS

Maturities of the Company’s lease obligations as of December 31, 2023 are as follows:

Year ending December 31,
2024	$	142,417
2025		129,968
2026		64,206
2027		5,636
Thereafter		-
Total lease payment		342,227
Less: Imputed interest		(11,244	)
Operating lease obligations	$	330,983