Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2023

SCHEDULE OF NET LEASE COST AND OTHER SUPPLEMENTAL LEASE

The following table presents net lease cost and other supplemental lease information:

	Three Months Ended March 31, 2023
Lease cost
Operating lease cost (cost resulting from lease payments)	$	23,544
Short term lease cost		-
Sublease income		(23,544	)
Net lease cost	$	-

Operating lease – operating cash flows (fixed payments)	$	23,544
Operating lease – operating cash flows (liability reduction)	$	20,667
Current leases – right of use assets	$	42,026
Current liabilities – operating lease liabilities	$	40,938
Non-current liabilities – operating lease liabilities	$	-

Operating lease ROU assets	$	42,026
Weighted-average remaining lease term (in years)		0.5
Weighted-average discount rate		2.1	%

SCHEDULE OF NON-CANCELABLE LEASES

Future minimum payments under non-cancelable leases for operating leases for the remaining terms of the leases following the three months ended March 31, 2023:

Fiscal Year	Operating Leases
Remainder of 2023		43,320
Total future minimum lease payments		43,320
Amount representing interest		2,382
Present value of net future minimum lease payments	$	40,938