LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense, which are included in selling, general and administrative expense and depreciation and amortization for the three months ended March 31, 2024 and 2023, are as follows:

Components of lease expense:	2024		2023
Amortization of right-of-use assets - finance lease	$	96,243	$	—
Interest on lease liabilities - finance lease		23,550		—
Operating lease cost		29,915		—
Total lease cost	$	149,708	$	—

SCHEDULE OF BALANCE SHEET INFORMATION RELATING TO LEASES

Supplemental balance sheet information relating to leases was as follows as of March 31, 2024, and December 31, 2023:

Operating leases:	2024		2023
Operating lease right-of-use assets	$	347,860	$	370,312
Operating lease liability, current	$	96,631	$	94,708
Operating lease liability, long-term	$	258,110	$	283,001

Finance leases:	2024			2023
Finance lease right-of-use asset, gross	$	1,294,168		$	1,294,168
Accumulated amortization		(224,567	)		(128,324	)
Finance lease right-of-use asset, net		1,069,601			1,165,844
Finance lease liability, current portion		372,787			365,463
Finance lease liability, long-term		739,478			835,467
Total finance lease liabilities	$	1,112,265		$	1,200,930

Weighted-average remaining lease term:	2024		2023
Operating leases (in years)		3.33		3.58
Finance leases (in years)		3.04		3.25

Weighted-average discount rate:	2024			2023
Operating leases		8.07	%		8.07	%
Finance leases		8.01	%		8.01	%

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT UNDER NON-CANCELLABLE

Future minimum lease payment under non-cancellable lease as of March 31, 2024, are as follows:

	Operating Leases			Finance Leases
Remaining for 2024	$	91,294		$	336,378
2025		121,726			448,505
2026		121,726			270,395
2027 and thereafter		71,007			202,970
Total undiscounted cash flows		405,753			1,258,248
Less discounting		(51,012	)		(145,983	)
Present value of lease liabilities	$	354,741		$	1,112,265