Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2023
Leases  
SCHEDULE OF LEASE EXPENSES

The components of lease expenses were as follows:

 

   

Six months ended

June 30, 2023

    

Six months ended

June 30, 2022

  
Operating lease cost   $ 145,795     $ 152,072  
Short-term lease cost     3,479       7,363  
Total lease expenses   $ 149,274     $ 159,435  
SCHEDULE OF FUTURE PAYMENTS UNDER LEASE

The minimum future annual payments under the lease for our continuing operations as at June 30 is as follows:

 

         
Remaining 2023   $ 139,347  
2024     286,847  
2025     303,155  
2026     303,155  
2027     303,155  
Subsequent years     530,521  
Total minimum lease payments     1,866,180  
Less: imputed interest     (394,835 )
Total lease liability     1,471,345  
Current portion of lease liability     (280,052 )
Non-current portion of lease liability   $ 1,191,293