LEASES AND LEASED PREMISES (Tables)

6 Months Ended

Jun. 30, 2024

Leases And Leased Premises

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

Balance sheet information related to our leases is presented below:

	Balance Sheet location	June 30, 2024		December 31, 2023
		(unaudited)		(unaudited)
Operating leases:
Right-of-use lease assets	Right-of-use operating lease assets	$	1,312,831	$	1,946,567
Right-of-use lease liability, current	Other current liabilities		791,222		1,039,081
Right-of-use lease liability, long-term	Right-of-use operating lease liability		521,609		907,486

SCHEDULE OF OTHER INFORMATION RELATED TO LEASES

Other information related to leases is presented below:

	Six Months Ended June 30,
	2024			2023
	(unaudited)			(unaudited)
Cash Paid for Amounts Included in Measurement of Liabilities:
Operating cash flows from operating leases	$	328,118		$	243,501
Weighted Average Remaining Lease Term:
Operating leases		2.8 years			3.0 years
Weighted Average Discount Rate:
Operating leases		10.00	%		5.00	%

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE

The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:

	Operating leases
July 1, 2024 – June 30, 2025	$	638,836
July 1, 2025 – June 30, 2026		312,295
July 1, 2026 – June 30, 2027		267,302
July 1, 2027 – June 30, 2028		256,782
July 1, 2028 – June 20, 2029		64,754
Thereafter		-
Total future minimum lease payments, undiscounted		1,539,969
Less: Imputed interest		(227,138	)
Present value of future minimum lease payments	$	1,312,831