LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases

SCHEDULE OF OPERATING RIGHT OF USE OF ASSETS

The following is a summary of the Company’s operating right-of-use assets and operating lease liabilities as of September 30, 2024:

Operating right-of-use assets	$	6,750,256
Operating lease liabilities –- current	$	403,319
Operating lease liabilities – noncurrent	$	6,511,425

SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES

The table below reconciles the undiscounted future minimum lease payments under the above noted operating leases to the total operating lease liabilities recognized on the unaudited condensed consolidated balance sheet as of September 30, 2024:

Fiscal year 2024	$	215,979
Fiscal year 2025		1,227,477
Fiscal year 2026		1,344,162
Fiscal year 2027		1,236,539
Fiscal year 2028		936,992
Thereafter		6,316,720
Less: imputed interest		(4,360,125	)
Present value of operating lease liabilities	$	6,914,744

SCHEDULE OF CASH FLOW INFORMATION RELATED TO OPERATING LEASE LIABILITIES

Supplemental cash flow information related to operating lease liabilities consisted of the following:

	September 30,
	2024		2023
Cash paid for operating lease liabilities	$	615,281	$	665,129

Supplemental balance sheet information related to operating lease liabilities consisted of the following:

	September 30, 2024			December 31, 2023
Weighted average remaining lease term in years		10.38			2.18
Weighted average discount rate		10.97	%		7.17	%