LEASES (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
|---|
| LEASES |
|
| Schedule of operating lease |
|
|
For the Nine
Months Ended
|
|
|
For the
Year Ended
|
|
Assets: |
|
September 30,
2023
|
|
|
December 31,
2022
|
|
Operating lease right-of-use asset |
|
$ |
122,110 |
|
|
$ |
189,282 |
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
Current portion of long-term operating lease |
|
$ |
110,398 |
|
|
$ |
99,259 |
|
Long-term operating lease, net of current portion |
|
|
22,027 |
|
|
|
105,918 |
|
|
|
$ |
132,425 |
|
|
$ |
205,177 |
|
|
| Schedule of Components of lease expense |
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
|
|
September 30,
2023
|
|
|
September 30,
2022
|
|
|
September 30,
2023
|
|
|
September 30,
2022
|
|
Operating lease expense |
|
$ |
27,236 |
|
|
$ |
27,479 |
|
|
$ |
81,707 |
|
|
$ |
74,770 |
|
|
| Summary of other information related to leases |
|
|
For the |
|
|
For the |
|
|
|
Nine Months Ended |
|
|
Year Ended |
|
|
|
September 30,
2023
|
|
|
December 31,
2022
|
|
Weighted-average remaining lease term: |
|
|
|
|
|
|
Operating leases |
|
1.21 Years |
|
|
1.94 Years |
|
|
|
|
|
|
|
|
Discount rate: |
|
|
|
|
|
|
Operating leases |
|
|
11.00 |
% |
|
|
11.00 |
% |
|
| Schedule of Supplemental cash flow information |
|
|
For the |
|
|
For the |
|
|
|
Nine Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30,
2023
|
|
|
September 30,
2022
|
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
$ |
86,720 |
|
|
$ |
48,849 |
|
Non-cash investment in ROU asset |
|
$ |
- |
|
|
$ |
195,804 |
|
|
| Schedule of maturities of operating lease liability |
Year Ended: |
|
Operating Lease |
|
December 31, 2023 |
|
|
29,489 |
|
December 31, 2024 |
|
|
112,407 |
|
Total minimum lease payments |
|
|
141,896 |
|
Less: Interest |
|
|
(9,471 |
) |
Present value of lease obligations |
|
|
132,425 |
|
Less: Current portion |
|
|
(110,398 |
) |
Long-term portion of lease obligations |
|
$ |
22,027 |
|
|