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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense, which are included in selling, general and administrative expense and depreciation and amortization for the year ended December 31, 2023, and 2022 are as follows:

 SCHEDULE OF COMPONENTS OF LEASE EXPENSE

Components of lease expense:		2023				2022
Amortization of right-of-use assets - finance lease		$	128,324			$	—
Interest on lease liabilities - finance lease			33,838				—
Operating lease cost			39,887				—
Total lease cost		$	202,049			$	—

SCHEDULE OF BALANCE SHEET INFORMATION RELATING TO LEASES

SCHEDULE OF BALANCE SHEET INFORMATION RELATING TO LEASES

Operating leases:		2023				2022
Operating lease right-of-use, assets		$	370,312			$	—
Operating lease liability, current			94,708				—
Operating lease liability, non-current			283,001				—
Total operating lease liabilities		$	377,709			$	—

Financing leases:		2023				2022
Financing lease right-of-use assets, gross		$	1,294,168			$	—
Accumulated amortization			(128,324	)
Finance lease right-of-use assets, net		$	1,165,844			$	—
Financing lease liability, current			365,463				—
Financing lease liability, non-current			835,467				—
Financing lease liability, long-term		$	1,200,930			$	—

Weighted-average remaining lease term:		2023				2022
Operating leases (in years)			3.58				—
Finance leases (in years)			3.25				—

Weighted-average discount rate:		2023				2022
Operating leases			8.07	%			—
Finance leases			8.01	%			—

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT UNDER NON-CANCELLABLE

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT UNDER NON-CANCELLABLE

		Operating Leases				Finance Leases
2024		$	121,726			$	448,505
2025			121,726				448,505
2026			121,726				270,395
2027 and thereafter			71,007				202,970
Total undiscounted cash flows			436,185				1,370,375
Less discounting			(58,476	)			(169,445	)
Present value of lease liabilities		$	377,709			$	1,200,930

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 840
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481161/840-30-50-1

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