v3.26.1
LEASES AND LEASED PREMISES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases And Leased Premises  
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

Balance sheet information related to our leases is presented below:

 

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASES

   Balance Sheet location  June 30, 2026   December 31, 2025 
       (Unaudited)    (Audited) 
Operating leases:             
Right-of-use lease assets  Right-of-use operating lease assets  $1,826,063   $2,248,784 
Right-of-use lease liability, current  Other current liabilities  $739,411   $797,447 
Right-of-use lease liability, long-term  Right-of-use operating lease liability  $1,093,856   $1,475,523 
SCHEDULE OF WEIGHTED-AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

As of June 30, 2026, weighted-average remaining lease term and discount rate were as follows:

 

SCHEDULE OF WEIGHTED-AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE  

   June 30, 2026 
Weighted Average Remaining Lease Term:     
Operating leases   2.56 years 
Weighted Average Discount Rate:     
Operating leases   12.00%
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE

The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:

 

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASE

   Operating leases 
2026  $497,104 
2027   823,464 
2028   520,241 
2029   278,328 
Total future minimum lease payments, undiscounted   2,119,137 
Less: Imputed interest   (285,870)
Present value of future minimum lease payments  $1,833,267