Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.24.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2023
LEASES  
Schedule of lease liability

 

 

December 31,

2023

 

 

December 31,

2022

 

Total lease liability

 

$ 133,677

 

 

$ 315,671

 

Less: short term portion

 

 

122,732

 

 

 

134,343

 

Long term portion

 

$ 10,945

 

 

$ 181,328

 

Schedule of maturity analysis under lease agreements

 

 

Total

 

2024

 

$ 129,012

 

2025

 

 

11,018

 

Less: Present value discount

 

 

(6,353 )

Lease liability

 

$ 133,677

 

Schedule of lease expense

 

 

2023

 

 

2022

 

Operating lease expense

 

$ 138,932

 

 

$ 144,978

 

 

 

$ 138,932

 

 

$ 144,978

 

Schedule of Weighted-average remaining lease term

 

 

2023

 

 

2022

 

Weighted-average remaining lease term

 

 

1.0

 

 

 

2.1