LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

SCHEDULE OF LEASE COSTS

The components of lease costs are as follows:

	For the Nine Months Ended
	September 30,
	2024		2023
Finance lease costs
Amortization of right-of-use assets	$	12,863	$	15,215
Interest on lease liabilities		721		98
Total finance lease costs		13,584		15,313
Operating lease costs		299,304		286,934
Total lease costs	$	312,888	$	302,247

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO COMPANY’S LEASES

The following table presents supplemental information related to the Company’s leases:

	For the Nine Months Ended
	September 30,
	2024			2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	721		$	98
Operating cash flows from operating leases		306,756			257,277
Financing cash flows from finance leases		12,568			16,537
Finance lease right-of-use assets obtained in exchange for finance lease liabilities		-			93,117
Operating lease right-of-use assets obtained in exchange for operating lease liabilities		125,735			317,040
Remeasurement of operating lease liabilities and right-of-use assets due to lease modification		-			12,579
Weighted average remaining lease term (years)
Finance leases		4.0			5.0
Operating leases		7.1			7.7
Weighted average discount rate (per annum)
Finance leases		1.32	%		1.32	%
Operating leases		1.36	%		1.33	%

SCHEDULE OF FINANCE LEASE AND OPERATING LEASE FUTURE MATURITY OF LEASE LIABILITIES

As of September 30, 2024, the future maturity of lease liabilities is as follows:

Year Ended December 31,	Finance Lease			Operating Lease
Remaining of 2024	$	4,545		$	107,999
2025		18,179			403,889
2026		18,179			329,040
2027		18,179			283,512
2028		12,119			283,512
Thereafter		-			942,387
Total lease payments		71,201			2,350,339
Less: imputed interest		(1,821	)		(107,797	)
Total lease liabilities		69,380			2,242,542
Less: current portion		(17,375	)		(382,594	)
Non-current lease liabilities	$	52,005		$	1,859,948