LEASES AND LEASED PREMISES (Tables)

9 Months Ended

Sep. 30, 2023

Leases And Leased Premises

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

Balance sheet information related to our leases is presented below:

		September 30,
	Balance Sheet location	2023		2022
Operating leases:
Right-of-use lease assets	Right-of-use operating lease assets	$	1,237,618	$	-
Right-of-use lease liability, current	Other current liabilities		798,136		-
Right-of-use lease liability, long-term	Right-of-use operating lease liability		439,482		-
Finance leases:
Right-of-use lease assets	Property, plant and equipment		-		-
Right-of-use lease liability, current	Current portion of long-term debt		-		-
Right-of-use lease liability, long-term	Long-term debt		-		-

SCHEDULE OF LEASE EXPENSE

The following provides details of the Company’s lease expense:

	Nine Months Ended September 30,
	2023		2022
Operating lease expense, net	$	632,420	$	-
Finance lease expense:
Amortization of assets		-		-
Interest on lease liabilities		-		-
Total finance lease expense		-		-
Operating lease expense, net	$	632,420	$	-

SCHEDULE OF OTHER INFORMATION RELATED TO LEASES

Other information related to leases is presented below:

	2023			2022
Right-of-use assets acquired in exchange for operating lease obligations	$	1,237,618		$	-
Cash Paid for Amounts Included in Measurement of Liabilities:
Operating cash flows from finance leases		-			-
Operating cash flows from operating leases		739,710			-
Weighted Average Remaining Lease Term:
Operating leases		2.7 years			0.0 years
Finance leases		0.0 years			0.0 years
Weighted Average Discount Rate:
Operating leases		5.00	%		5.00	%
Finance leases		n/a	%		n/a	%

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE

	Finance leases			Operating leases
2023 (three months remaining)	$	-		$	265,965
2024		-			688,526
2025		-			163,794
2026		-			62,792
2027		-			3,733
Thereafter		-			-
Total future minimum lease payments, undiscounted		-			1,184,810
Less: Imputed interest		(-	)		(46,410	)
Present value of future minimum lease payments	$	-		$	1,138,330