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LEASE (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Lease    
SCHEDULE OF OPERATING LEASE LIABILITIES

Balance sheet information related to the Company’s leases is presented below:

 

   September 30, 2024   December 31, 2023 
Operating Leases        
Operating lease right-of-use assets  $2,022,758   $1,576,814 
           
Operating lease liabilities – current  $136,001   $864,519 
Operating lease liability – non-current   1,794,500    789,489 
Total operating lease liabilities  $1,930,501   $1,654,008 

Balance sheet information related to the Company’s leases is presented below:

 

   December 31, 2023   December 31, 2022 
Operating Leases          
Operating lease right-of-use assets  $1,576,814   $999,285 
           
Operating lease liabilities – current  $864,519   $883,583 
Operating lease liability – non-current   789,489    194,725 
Total operating lease liabilities  $1,654,008   $1,078,308 
SCHEDULE OF OPERATING LEASE EXPENSES

The following provides details of the Company’s lease expenses:

 

   2024   2023 
   Three Months Ended September 30, 
   2024   2023 
Operating lease expenses  $104,372   $200,716 
           

 

   2024   2023 
   Nine Months Ended September 30, 
   2024   2023 
Operating lease expenses  $439,723   $618,085 

The following provides details of the Company’s lease expenses:

 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
Operating lease expenses  $817,179   $837,425 
SCHEDULE OF OTHER INFORMATION RELATED LEASES

Other information related to leases is presented below:

 

   Nine Months Ended September 30, 
   2024   2023 
Cash Paid for Amounts Included In Measurement of Liabilities:        
Operating cash flows from operating leases  $607,312   $500,056 
           
Weighted Average Remaining Lease Term:          
Operating leases   8.64 years    1.26 years 
           
Weighted Average Discount Rate:          
Operating leases   4.88%   4.75%

Other information related to leases is presented below:

 

   Years Ended December 31, 
   2023   2022 
Cash Paid for Amounts Included In Measurement of Liabilities:          
Operating cash flows from operating leases  $779,599    710,865 
           
Weighted Average Remaining Lease Term:          
Operating leases   1.99 years    1.45 years 
           
Weighted Average Discount Rate:          
Operating leases   4.75%   4.75%
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities were as follows:

 

     
For the year ending December 31:    
2024 (excluding the nine months ended September 30, 2024)  $68,999 
2025   233,875 
2026   274,518 
2027   236,548 
2028   231,561 
Thereafter   1,379,825 
Total lease payments   2,425,326 
Less: imputed interest   (494,825)
Total lease liabilities   1,930,501 
Less: current portion   (136,001)
Lease liabilities – non-current portion  $1,794,500 

Maturities of lease liabilities were as follows:

 

      
For the year ending December 31:     
2024  $921,869 
2025   759,052 
2026   37,370 
2027   8,451 
2028   3,521 
Total lease payments   1,730,263 
Less: imputed interest   (76,255)
Total lease liabilities   1,654,008 
Less: current portion   (864,519)
Lease liabilities – non-current portion  $789,489