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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases  
Schedule of Lease Cost

The Company’s operating and finance right-of-use assets and lease liabilities are as follows:

 

  

As of

December 31, 2022

  

As of

December 31, 2021

 
Operating lease right-of-use asset  $462,874   $565,877 
Operating lease liability, current  $118,235   $100,139 
Operating lease liability, long-term  $376,851   $486,226 
           
Remaining lease term   4.1 years    5.1 years 
Discount rate   3.63%   3.63%

 

Cash paid during the year for amounts included in the measurement of lease liabilities is as follows:

 

  

For the Twelve Months Ended

December 31, 2022

  

For the Twelve Months Ended

December 31, 2021

 
Operating cash outflow from operating lease  $111,204   $257,961 
Schedule of Future Annual Minimum Lease Payments

Future annual minimum under non-cancellable operating leases as of December 31, 2022 were as follows:

 

Years ended December 31,    
2023  $124,897 
2024   128,643 
2025   132,503 
2026   136,473 
Thereafter   11,654 
Total minimum lease payments   534,170 
Less imputed interest   (39,084)
Present value of minimum lease payments  $495,086