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Lease Obligations
 9 Months Ended
Sep. 30, 2023
Lease Obligations [Abstract]  
LEASE OBLIGATIONS
O.LEASE OBLIGATIONS:

 

The following is a summary of the Company’s right of use assets and lease liabilities as of:

 

   September 30,   December 31, 
Operating Leases  2023   2022 
Right-Of-Use Assets  $1,344,160   $784,683 
           
Lease Liability:          
Right-Of-Use Asset - Office Leases - Current   460,464    324,594 
Right-Of-Use Asset - Office Leases - Non-Current   858,214    460,089 
   $1,318,678   $784,683 

 

Rent expense for the nine months ended September 30, 2023 and 2022 totaled $383,190 and $333,072, respectively.

 

The following is a schedule by years of future minimum lease payments:

 

2024  $504,630 
2025   399,245 
2026   188,359 
2027   192,126 
2028   97,176 
   $1,381,536 

 

As of September 30, 2023, the Company’s operating leases had a weighted average remaining lease term of 1.75 years and a weighted average discount rate of 4%.