Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.2
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Pursuant to the terms of the Company’s non-cancelable lease agreements in effect at June 30, 2023, the following table summarizes the Company’s maturities of operating lease liabilities as of June 30, 2023:

 

2023

 

$

853,956

 

2024

 

 

1,747,447

 

2025

 

 

1,794,889

 

2026

 

 

1,688,145

 

Total lease payments

 

$

6,084,437

 

 

 

 

Less: imputed interest

 

 

(751,868

)

Total

 

$

5,332,569

 

SUMMARY OF UNDISCOUNTED SUBLEASE CASH INFLOWS

Undiscounted sublease cash inflows have been summarized in the following table:

2023

 

$

134,241

 

2024

 

 

279,585

 

2025

 

 

291,697

 

2026

 

 

252,333

 

Total sublease payments

 

$

957,856