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OPERATING LEASES (Tables)
9 Months Ended
Sep. 30, 2024
Operating Leases  
SCHEDULE OF LEASE COSTS

The components of lease costs are as follows:

   2024   2023 
   For the Nine Months Ended
September 30,
 
   2024   2023 
Operating lease costs  $2,914,366   $2,960,243 
Short-term lease costs   239,673    333,062 
Total lease costs  $3,154,039   $3,293,305 
SCHEDULE OF SUPPLEMENTAL INFORMATION OPERATING LEASES

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

 

   2024   2023 
   For the Nine Months Ended
September 30,
 
   2024   2023 
Operating cash flows from operating leases  $3,107,447   $2,988,222 
Operating lease right-of-use assets obtained in exchange for operating lease liabilities  $   $1,029,518 
Remeasurement of operating lease liabilities and right-of-use assets due to lease modifications  $2,408,752   $2,110,079 
Weighted average remaining lease term (years)   2.05    2.00 
Weighted average discount rate (per annum)   0.19%   0.19%
SCHEDULE OF MATURITY OF LEASE LIABILITIES

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

 

Years ending December 31,  Lease
Payment
 
Remaining of 2024  $1,079,267 
2025   3,430,730 
2026   459,579 
2027   180,494 
2028   171,043 
Thereafter   277,567 
Total undiscounted lease payments   5,598,680 
Less: imputed interest   (8,864)
Total operating lease liabilities  $5,589,816