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LEASES (Tables)
 3 Months Ended
Mar. 31, 2025
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 three months ended March 31, 2025 and 2024, are as follows:

 

Components of lease expense:  2025   2024 
Amortization of right-of-use assets - finance lease  $96,243   $96,243 
Interest on lease liabilities - finance lease   13,081    23,550 
Operating lease cost   29,793    29,915 
Total lease cost  $139,117   $149,708 
           
Cash paid for amounts included in the measurement of lease liabilities:          
Operating cash flows from finance leases  $100,266   $88,665 
Operating cash flows from operating leases   29,197    30,431 
SCHEDULE OF BALANCE SHEET INFORMATION RELATING TO LEASES
Operating leases:  March 31, 2025   December 31, 2024 
Operating lease right-of-use, assets  $431,746   $463,011 
Operating lease liability, current  $130,342   $127,498 
Operating lease liability, non-current  $308,415   $342,098 
Total operating lease liabilities  $438,757   $469,596 

 

Finance leases:  March 31, 2025   December 31, 2024 
Finance lease right-of-use asset, gross  $1,294,168   $1,294,168 
Accumulated amortization   (609,539)   (513,296)
Finance lease right-of-use asset, net  $684,629   $780,872 
Finance lease liability, current portion  $403,584   $395,301 
Finance lease liability, long-term   335,899    444,448 
Total finance lease liabilities  $739,483   $839,749 

 

Weighted-average remaining lease term:  March 31, 2025   December 31, 2024 
Operating leases (in years)   3.60    4.21 
Finance leases (in years)   2.28    2.39 

 

Weighted-average discount rate:  March 31, 2025   December 31, 2024 
Operating leases   7.38%   7.41%
Finance leases   8.04%   8.03%
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENT UNDER NON-CANCELLABLE

Future minimum lease payments under non-cancellable lease as of March 31, 2025, are as follows:

 

   Operating Leases   Finance Leases  
Remaining for 2025  $118,497   $ 336,379  
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   499,629     809,744  
Less discounting   (60,872)    (70,261 )
Present value of lease liabilities  $438,757   $ 739,483