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LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases  
SCHEDULE OF NET LEASE COST AND OTHER SUPPLEMENTAL LEASE INFORMATION

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

 

  

Six Months Ended June 30, 2022

  

Six Months Ended June 30, 2021

 
Lease cost          
Operating lease cost (cost resulting from lease payments)  $81,566   $79,186 
Net lease cost  $81,566   $79,186 
           
Operating lease – operating cash flows (fixed payments)  $81,566   $79,186 
Operating lease – operating cash flows (liability reduction)  $57,751   $49,085 
Non-current leases – right of use assets  $299,783   $415,827 
Current liabilities – operating lease liabilities  $128,889   $109,856 
Non-current liabilities – operating lease liabilities  $234,060   $362,949 
SCHEDULE OF FUTURE MINIMUM PAYMENTS UNDER NON-CANCELABLE LEASES FOR OPERATING LEASES

Future minimum payments under non-cancelable leases for operating leases for the remaining terms of the leases as of June 30, 2022:

 

Fiscal Year  Operating Leases 
Remainder of 2022  $81,566 
2023   168,028 
2024   173,060 
Total future minimum lease payments   422,654 
Amount representing interest   (59,705)
Present value of net future minimum lease payments  $362,949