Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases

Schedule of operating and finance lease expenses

Operating and finance lease expenses consist of the following:

		For the Year Ended
	Classification	December 31, 2022		December 31, 2021
Operating lease cost
Lease expenses	General and administrative	$	114,390	$	62,810
Lease expenses – short-term	General and administrative		113,055		143,589
Finance lease cost
Amortization of leased asset	General and administrative		7,948		8,153
Interest on lease liabilities	Other expense -Interest expenses		1,276		1,639
Total lease expenses		$	236,669	$	216,191

Schedule of weighted average remaining term and discount rate

Weighted-average remaining term and discount rate related to leases were as follows:

	As of			As of
	December 31, 2022			December 31, 2021
Weighted-average remaining term
Operating lease		0.69 year			1.25 years
Finance leases		2.01 years			3.00 years
Weighted-average discount rate
Operating lease		5.25	%		5.25	%
Finance leases		5.25	%		5.25	%

Schedule of future minimum lease payments

The following table sets forth the Company’s minimum lease payments in future periods as of December 31, 2022:

	Operating lease			Finance lease
	payments			payments			Total
Twelve months ending December 31, 2023	$	81,522		$	8,151		$	89,673
Twelve months ending December 31, 2024		-			15,614			15,614
Total lease payments		81,522			23,765			105,287
Less: discount		(1,563	)		(1,564	)		(3,127	)
Present value of lease liabilities	$	79,959		$	22,201		$	102,160