Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2023
Leases  
SCHEDULE OF LEASE EXPENSES

The components of lease expenses were as follows:

 

   

Three months ended

March 31, 2023

   

Three months ended

March 31, 2022

 
Operating lease cost   $ 72,643     $ 76,354  
Short-term lease cost     3,437       4,583  
Total lease expenses   $ 76,080     $ 80,937  
SCHEDULE OF FUTURE PAYMENTS UNDER LEASE

The minimum future payments under the lease for our continuing operations in each of the years ending December 31 is as follows:

 

         
Remaining 2023   $ 203,830  
2024     280,637  
2025     296,591  
2026     296,591  
2027     296,591  
Subsequent years     519,034  
Total minimum lease payments     1,893,274  
Less: imputed interest     (411,966 )
Total lease liability     1,481,308  
Current portion of lease liability     (272,659 )
Non-current portion of lease liability   $ 1,208,649