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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases  
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, 2024, and 2023 are as follows:

 

Components of lease expense:  2024   2023 
Amortization of right-of-use assets - finance lease  $384,971   $128,324 
Interest on lease liabilities - finance lease   83,041    33,838 
Operating lease cost   93,029    39,887 
Total lease cost  $561,041   $202,049 
           
Cash paid for amounts included in the measurement of lease liabilities:          
Operating cash flows from finance leases  $361,181   $93,238 
Operating cash flows from operating leases   133,605    32,489 
SCHEDULE OF BALANCE SHEET INFORMATION RELATING TO LEASES

Operating leases:  2024   2023 
Operating lease right-of-use, assets  $463,011   $370,312 
Operating lease liability, current   127,498    94,708 
Operating lease liability, non-current   342,098    283,001 
Total operating lease liabilities  $469,596   $377,709 

 

Financing leases:  2024   2023 
Financing lease right-of-use assets, gross  $1,294,168   $1,294,168 
Accumulated amortization   (513,296)   (128,324)
Finance lease right-of-use assets, net  $780,872   $1,165,844 
Financing lease liability, current   395,301    365,463 
Financing lease liability, non-current   444,448    835,467 
Total finance lease liabilities  $839,749   $1,200,930 

 

Weighted-average remaining lease term:  2024   2023 
Operating leases (in years)   4.21    3.58 
Finance leases (in years)   2.39    3.25 

 

Weighted-average discount rate:  2024   2023 
Operating leases   7.41%   8.07%
Finance leases   8.03%   8.01%
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT UNDER NON-CANCELLABLE

 

   Operating Leases  

Finance Leases

 
2025  $157,837   $448,505 
2026   159,282    270,395 
2027   110,063    202,970 
2028   40,616    — 
2029   42,252    — 
2030 and thereafter   28,919    — 
Total undiscounted cash flows   538,969    921,870 
Less discounting   (69,373)   (82,121)
Present value of lease liabilities  $469,596   $839,749