Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.24.1.1.u2
LEASES (Tables)
3 Months Ended
Mar. 31, 2024
LEASE  
Schedule of lease liability

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Total lease liability

 

$ 104,062

 

 

$ 133,677

 

Less: short term portion

 

 

104,062

 

 

 

122,732

 

Long term portion

 

$ -

 

 

$ 10,945

 

Schedule of maturity analysis under lease agreements

 

 

Total

 

2024

 

$ 96,919

 

2025

 

 

11,018

 

Subtotal

 

 

107,937

 

Less: Present value discount

 

 

(3,875 )

Lease liability

 

$ 104,062

 

Schedule of lease expense

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Operating lease expense

 

$ 29,097

 

 

$ 36,402

 

 

 

$ 29,097

 

 

$ 36,402

 

Schedule of Weighted-average remaining lease term

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Weighted-average remaining lease term

 

 

0.7

 

 

 

1.0