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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF LEASE ASSETS AND LIABILITIES

 

Lease  Classification  As of December 31, 2021 
Assets        
Operating  Right of use operating lease asset, net  $176,304 
Total leased assets     $176,304 
         
Liabilities        
Current        
Operating  Current portion of right-of-use operating lease obligation  $107,442 
         
Long-term        
Operating  Non-current portion of right-of-use operating lease obligation   68,861 
Total lease liabilities     $176,303 
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENT

The table below shows the future minimum rental payments, exclusive of taxes, insurance, and other costs, under the LSIH Lease:

 

Years ending December 31,  Amount 
2022   121,601 
2023   70,934 
Total future minimum lease payments   192,535 
Less: present value adjustment   (16,232)
Present value of lease payments  $176,303 
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM

The weighted-average remaining lease term and the weighted-average discount rate of the lease was as follows:

 

Lease Term and Discount Rate  December 31, 2021 
Remaining lease term (years)     
Operating leases   1.6 
      
Discount rate     
Operating leases   12.0%