XML 47 R36.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Lease (Tables)
 6 Months Ended
Jun. 30, 2024
Lease [Abstract]  
Schedule of Operating Leases have Remaining Lease Terms The Company’s operating leases have remaining lease terms of up to approximately five years.
   June 30,
2024		   December 31,
2023		 
   (Unaudited)     
ASSETS        
Operating lease right-of-use assets  $607,001   $809,283 
LIABILITIES          
Operating lease liabilities (current)   378,199    401,826 
Operating lease liabilities (non-current)   228,802    407,457 
Schedule of Company’s Lease Expenses The following provides details of the Company’s lease expenses:
   Three Months Ended
June 30,		 
   2024   2023 
   (Unaudited) 
Operating lease expenses  $100,685   $97,577 
   Six Months Ended
June 30,		 
   2024   2023 
   (Unaudited) 
Operating lease expenses  $199,187   $191,876 
Other information related to leases is presented below:
   Six months Ended
June 30,		 
   2024   2023 
   (Unaudited) 
Cash paid for amounts included in the measurement of operating lease liabilities  $199,187   $191,876 

 

   June 30,
2024		   December 31,
2023		 
Weighted Average Remaining Lease Term:        
Operating leases   1.1 years    1.73 years 
           
Weighted Average Discount Rate:          
Operating leases   1.4%   1.5%
Schedule of Minimum Future Annual Payments Under Non-Cancellable Leases The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:
   Operating leases 
2024 (excluding six months ended June 30, 2024)  $201,371 
2025   350,615 
2026   56,916 
2027   
-
 
2028   
-
 
Thereafter   
-
 
Total future minimum lease payments, undiscounted   608,902 
Less: Imputed interest   (1,901)
Present value of future minimum lease payments  $607,001