v3.25.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
SCHEDULE OF LEASE LIABILITIES

As of December 31, 2024 and 2023, the operating lease liability consist of the following:

 

   2024   2023 
   December 31, 
   2024   2023 
Operating lease liability – current portion  $89,770   $113,220 
Operating lease liability – non-current portion   -    89,251 
Total  $89,770   $202,471 
SCHEDULE OF OTHER LEASE INFORMATION

Other lease information is as follows:

 

   December 31, 
   2024   2023 
Weighted-average remaining lease term – operating leases  9.5 months   21.5 months 
Weighted-average discount rate – operating leases   5.88%   5.88%
SCHEDULE OF FUTURE MINIMUM PAYMENTS UNDER OPERATING LEASES

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

 

 

   2024   2023 
   December 31, 
   2024   2023 
Less than 1 year  $91,938   $116,796 
More than 1 year   -    96,484 
Total undiscounted lease payments  $91,938   $213,280 
Less: discount  $(2,168)  $(10,809)
Present value of finance lease liabilities  $89,770   $202,471 

SCHEDULE OF MATURITIES OF FINANCE LEASE LIABILITIES

As of December 31, 2024 and 2023, the maturities of finance lease liabilities were as follows:

 

Representing:  2024   2023 
   December 31, 
Representing:  2024   2023 
Less than 1 year  $13,022   $12,946 
More than 1 year   26,044    38,839 
Total undiscounted lease payments  $39,066   $51,785 
Less: discount  $(3,452)  $(6,058)
Present value of finance lease liabilities  $35,614   $45,727 

 

Representing:  2024   2023 
   December 31, 
Representing:  2024   2023 
Current liability  $11,125   $10,319 
Non-current liability   24,489    35,408 
Total  $35,614   $45,727