LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Lease Right-of-use Asset And Lease Liabilities

SCHEDULE OF OPERATING LEASE RIGHT AND LEASE LIABILITY

The initial recognition of operating lease right and lease liability as follows:

Right-of-use assets, net as of December 31, 2021	$	15,243
New lease recognized for the year ended December 31, 2022		82,685
Less: amortization		(17,712	)
Foreign exchange translation		(822	)
Right-of-use assets, net as of December 31, 2022		79,394
Lease liability as of December 31, 2021	$	15,243
New lease recognized for the year ended December 31, 2022		82,685
Add: imputed interest		598
Less: principal repayment		(18,309	)
Foreign exchange translation		(823	)
Lease liability as of December 31, 2022	$	79,394

As of December 31, 2023, operating lease right-of-use assets as follows:

Right-of-use assets, net as of December 31, 2022	$	79,394
Amortization for the period ended November 30, 2023		(36,159	)
Right-of-use assets as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Amortization of December 31, 2023		(3,109	)
Foreign exchange translation		(2,022	)
Right-of-use assets, net as of December 31, 2023	$	34,954

As of December 31, 2023, operating lease liability as follows:

Lease liability as of December 31, 2022	$	79,394
Add: imputed interest for the period ended November 30, 2023		2,509
Less: gross repayment for the period ended November 30, 2023		(38,668	)
Operating lease liability as of Nov 30, 2023		43,235
Reassessment of lease		(3,150	)
Add: imputed interest of December 31, 2023		138
Less: gross repayment of December 31, 2023		(3,247	)
Foreign exchange translation		(2,022	)
Lease liability as of December 31, 2023	$	34,954
Lease liability current portion	$	34,954
Lease liability non-current portion	$	-
Maturities of the loan for each of the five years and thereafter are as follows:
2023	$	-
2024		34,954

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

Other information:

	Year ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow to operating lease	$	41,915
Remaining lease term for operating lease (years)		0.92
Weighted average discount rate for operating lease		4.75	%