Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

6 Months Ended

Jun. 30, 2024

SCHEDULE OF NET LEASE COST AND OTHER SUPPLEMENTAL LEASE

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

	Six Months Ended
	June 30, 2024
Lease cost
Operating lease cost (cost resulting from lease payments)	$	22,674
Net lease cost	$	22,674

Operating lease – operating cash flows (fixed payments)	$	22,674
Operating lease – operating cash flows (liability reduction)	$	9,352
Current leases – right of use assets	$	575,889
Current liabilities – operating lease liabilities	$	60,816
Non-current liabilities – operating lease liabilities	$	517,746

Operating lease ROU assets	$	575,889
Weighted-average remaining lease term (in years)		5.84
Weighted-average discount rate		10.91	%

	Six Months Ended
	June 30, 2023
Lease cost
Operating lease cost (cost resulting from lease payments)	$	47,087
Sublease income		(47,087	)
Net lease cost	$	-

Operating lease – operating cash flows (fixed payments)	$	47,087
Operating lease – operating cash flows (liability reduction)	$	42,438
Current leases – right of use assets	$	21,594
Current liabilities – operating lease liabilities	$	19,167
Non-current liabilities – operating lease liabilities	$	-

Operating lease ROU assets	$	21,594
Weighted-average remaining lease term (in years)		0.25
Weighted-average discount rate		2.1	%

SCHEDULE OF FUTURE MINIMUM PAYMENTS UNDER NON CANCELABLE LEASES

Future minimum payments under non-cancelable leases for operating leases for the remaining terms of the leases following the six months ended June 30, 2024:

Fiscal Year	Operating Leases
Remainder of 2024		60,000
Total future minimum lease payments		796,230
Less: Imputed Interest		(217,668	)
Present value of net future minimum lease payments	$	578,562