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Leases
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Leases [Abstract]    
LEASES

NOTE 9 — LEASES

 

The Company has various operating leases for clinics and office spaces. The lease agreements do not specify an explicit interest rate. The Company’s management believes that the interest rate of 6.6% and 5% was the most indicative rate of the Company’s borrowing cost for the calculation of the present value of the lease payments.

 

As of June 30, 2024 and December 31, 2023, the right-of-use assets totaled $272,474 and $296,742, respectively.

 

As of June 30, 2024 and December 31,2023, lease liabilities consist of the following:

 

   June 30,   December 31, 
   2024   2023 
Lease liabilities – current portion  $199,297   $207,128 
Lease liabilities – non-current portion   114,096    118,979 
Total  $313,393   $326,107 

 

Other lease information is as follows:

 

   June 30,   December 31, 
   2024   2023 
Weighted-average remaining lease term – operating leases   0.67years   0.92years
Weighted-average discount rate – operating leases   5%   5%
Short term lease cost  $100,009   $114,937 

 

The following is a schedule of future minimum payments under operating leases as of June 30, 2024:

 

   June 30,
2024		 
Not later than 1 year  $199,654 
Between 1 to 2 years   79,079 
Between 2 to 3 years   35,018 
Total lease payments   313,751 
Less: imputed interest   (358)
Total operating lease liabilities, net of interest  $313,393 

NOTE 9 — LEASES

 

The Company has various operating leases for clinics and office spaces. The lease agreements do not specify an explicit interest rate. The Company’s management believes that the interest rate of 6.6% and 5% was the most indicative rate of the Company’s borrowing cost for the calculation of the present value of the lease payments.

 

As of December 31, 2023 and 2022, the right-of-use assets totaled $283,847, and $383,670, respectively.

 

As of December 31, 2023 and 2022, lease liabilities consist of the following:

 

   December 31, 
   2023   2022 
Lease liabilities – current portion  $207,128   $184,651 
Lease liabilities – non-current portion   118,979    242,187 
Total  $326,107   $426,838 

 

Other lease information is as follows:

 

   December 31, 
   2023   2022 
Weighted-average remaining lease term – operating leases   0.92 years    1.91 years 
Weighted-average discount rate – operating leases   5%   5%
Short term lease cost  $114,937   $89,380 

 

The following is a schedule of future minimum payments under operating leases as of December 31, 2023:

 

   December 31,
2023		 
Not later than 1 year  $240,835 
Between 1 to 2 years   111,613 
Between 2 to 3 years   10,373 
Total lease payments   362,821 
Less: imputed interest   (36,714)
Total operating lease liabilities, net of interest  $326,107