Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.4
LEASES (Tables)
12 Months Ended
Dec. 31, 2022
Leases  
SCHEDULE OF LEASE EXPENSES

The components of lease expenses were as follows:

 

    December 31, 2022  
Operating lease cost   $ 295,601  
Short-term lease cost     23,361  
Total lease expenses   $ 318,962  
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:

 

       
2023   $ 271,110  
2024     280,409  
2025     296,350  
2026     296,350  
2027     296,350  
Subsequent years     518,613  
Total minimum lease payments     1,959,182  
Less: imputed interest     (438,012 )
Total lease liability     1,521,170  
Current portion of lease liability     (271,110 )
Non-current portion of lease liability   $ 1,250,060