LEASES (Details Narrative) |
3 Months Ended |
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Mar. 31, 2024
USD ($)
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Monthly lease payments | $ 329 |
Total operating lease expense | 50,265 |
Variable lease expenses | $ 21,340 |
Weighted average remaining lease term | 30 years |
Weighted average discount rate | 10.00% |
office facility lease agreement [Member] | |
Monthly rent | $ 9,744 |
Description of new office facility agreement | twelve-month period beginning July 1, 2022 |
Desription of extend the term of the lease | from July 1, 2023, through September 30, 2026. The amended lease provides for a monthly base rent of $9,310 through September 2024, with fixed escalating monthly base rent for each year thereafter |
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- Definition Discount rate used by lessee to determine present value of operating lease payments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Description of terms and conditions of option to extend lessee's operating lease. Includes, but is not limited to, information about option recognized as part of right-of-use asset and lease liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash outflow for variable lease payment excluded from lease liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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