Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.24.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2024
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 (unaudited):

 

    Nine months ended September 30,  
    2024     2023  
             
Cash paid for operating lease liabilities   $ 97,000     $ 123,500  
Weighted-average remaining lease term     23 months       35 months  
Weighted-average discount rate     10 %     10 %
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities as of September 30, 2024 were as follows:

 

         
2025   $ 23,000  
2026     93,600  
2027     64,000  
2028     -  
2029     -  
Thereafter     -  
Total operating lease     180,600  
Less imputed interest     (16,200 )
Total lease liabilities     164,400