Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

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LEASES (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
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:

 

    Years Ended December 31,  
    2023     2022  
             
Cash paid for operating lease liabilities   $ 88,300     $ 85,700  
Weighted-average remaining lease term     44 months       56 months  
Weighted-average discount rate     10 %     10 %
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities as of December 31, 2023 were as follows:

 

         
2024   $ 90,900  
2025     93,600  
2026     64,000  
2027     -  
2028     -  
Thereafter     -  
Total operating lease     248,500  
Less imputed interest     (30,900 )
Total lease liabilities     217,600