Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
SCHEDULE OF SUPPLIEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES
Supplemental balance sheet information related to leases is as follows as of September 30, 2023:
 
Operating leases
 
 
 
 
Right-of-use assets, net
 
$
4,021,988
 
 
 
 
 
 
Current liabilities
 
 
1,247,062
 
Non-current liabilities
 
 
3,013,214
 
     Total operating lease liabilities
 
$
4,260,276
 
 
 
 
 
 
Weighted Average Remaining Lease Term
 
 
3.34 years
 
 
 
 
 
 
Weighted Average Discount Rate
 
 
4
%
SCHEDULE OF ANTICIPATED FUTURE LEASE COSTS
Anticipated future lease costs are as follows:
 
For the years ending
December 31,
 
 
Building
leases
 
 
2023 (remaining)
 
$
352,722
 
2024
 
 
1,481,667
 
2025
 
 
1,245,379
 
2026
 
 
1,211,105
 
2027
 
 
333,915
 
Total lease payments
 
 
4,624,788
 
Less: imputed interest
 
 
364,512
 
Present value of lease liabilities
 
$
4,260,276