Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2023
Lessee Disclosure [Abstract]  
SCHEDULE OF RIGHT-OF-USE-ASSETS AND RELATED LEASE LIABILITIES

Information related to the Company’s right-of-use assets and related lease liabilities were as follows (unaudited):

 

    For the Nine Months Ended September 30,  
    2023     2022  
             
Cash paid for operating lease liabilities   $ 123,500     $ 63,000  
Weighted-average remaining lease term     35 months       50 months  
Weighted-average discount rate     10 %     10 %
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities as of September 30, 2023 were as follows:

 

         
2023   $ 90,300  
2024     92,900  
2025     87,600  
2026     -  
2027     -  
Thereafter     -  
 Total operating lease     270,800  
Less imputed interest     (36,400 )
Total lease liabilities     234,400