LEASES (Tables) - Xtribe PLC [Member]

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Restructuring Cost and Reserve [Line Items]

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense were as follows:

	For the Six Months Ended June 30, 2024		For the Six Months Ended June 30, 2023
Finance lease cost:
Amortization of ROU asset	$	20,663	$	20,663
Interest on lease liabilities		986		1,040
Operating lease cost		15,270		15,408
Total lease cost	$	36,919	$	37,111

Supplemental lease term and discount rate information related to leases was as follows:

	June 30, 2024			December 31, 2023
Weighted-average remaining lease terms – operating leases		6.5 years			7 years
Weighted-average discount rate – operating leases		3.75	%		3.75	%
Weighted-average remaining lease terms – finance leases		0.5 years			1 years
Weighted-average discount rate – finance leases		3.75	%		3.75	%

Supplemental cash flow information related to leases was as follows:

	For the Six Months Ended June 30, 2024		For the Six Months Ended June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,113	$	15,113
Finance cash flows from finance leases	$	6,717	$	6,717

The components of lease expense were as follows:

	For the Year Ended December 31, 2023		For the Year Ended December 31, 2022
Finance lease cost:
Amortization of ROU asset	$	41,326	$	41,326
Interest on lease liabilities		2,056		2,172
Operating lease cost		30,751		33,884
Total lease cost	$	74,133	$	77,382

Supplemental lease term and discount rate information related to leases was as follows:

	As of December 31, 2023			As of December 31, 2022
Weighted-average remaining lease terms – operating leases		7 years			8 years
Weighted-average discount rate – operating leases		3.75	%		3.75	%
Weighted-average remaining lease terms – finance leases		1 years			2 years
Weighted-average discount rate – finance leases		3.75	%		3.75	%

XTRIBE P.L.C and Subsidiaries

Notes to Consolidated Financial Statements

Supplemental cash flow information related to leases was as follows:

	For the Year Ended December 31, 2023		For the Year Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	30,227	$	33,070
Finance cash flows from finance leases	$	13,434	$	13,434
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	-	$	11,319
Finance leases	$	-	$	-

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE LEASES

The future minimum lease payments under non-cancelable leases as of June 30, 2024, are as follows:

	Finance Leases		Operating Leases		Total
2024	$	6,717	$	15,115	$	21,832
2025		181,583		30,227		211,810
2026		-		30,227		30,227
2027		-		30,227		30,227
2028		-		30,227		30,227
Thereafter		-		65,487		65,487
Total lease payments		188,300		201,510		389,810
Less: Imputed interest		1,116		6,865		7,981
Total	$	187,184	$	194,645	$	381,829

The future minimum lease payments under non-cancelable leases as of December 31, 2023, are as follows:

	Finance Leases		Operating Leases		Total
2024	$	13,434	$	30,227	$	43,661
2025		181,583		30,227		211,810
2026		-		30,227		30,227
2027		-		30,227		30,227
2028		-		30,227		30,227
Thereafter		-		65,487		65,487
Total lease payments		195,017		216,622		411,639
Less: Imputed interest		2,102		7,915		10,017
Total	$	192,915	$	208,707	$	401,622