Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2023
Leases  
SCHEDULE OF LEASE EXPENSES

The components of lease expenses were as follows:

 

   

Nine months ended

September 30, 2023

   

Nine months ended

September 30, 2022

 
Operating lease cost   $ 219,018     $ 226,098  
Short-term lease cost     3,517       12,630  
Total lease expenses   $ 222,535     $ 238,728  
SCHEDULE OF FUTURE PAYMENTS UNDER LEASE

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

 

         
Remaining 2023   $ 68,896  
2024     280,907  
2025     296,876  
2026     296,876  
2027     296,876  
Subsequent years     519,533  
Total minimum lease payments     1,759,964  
Less: imputed interest     (361,688 )
Total lease liability     1,398,276  
Current portion of lease liability     (275,584 )
Non-current portion of lease liability   $ 1,122,692