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Leases (Tables)
 6 Months Ended
Jun. 30, 2023
Leases  
Schedule of Lease Cost

The lease cost, cash flows and other information related to the New Facility Lease were as follows:

 

  

As of

June 30, 2023

 
Operating lease right-of-use asset  $409,981 
Operating lease liability, current  $122,272 
Operating lease liability, long-term  $319,247 
      
Remaining lease term   3.6 years 
Discount rate   3.63%

 

   For the Six Months Ended June 30, 2023 
Operating cash outflow from operating lease  $62,138 
Schedule of Future Annual Minimum Lease Payments

Future annual minimum lease payments on the New Facility Lease as of June 30, 2023 are as follows:

 

As of June 30, 2023    
     
Years ended December 31,    
2023 (excluding the six months ended June 30, 2023)  $62,759 
2024   128,643 
2025   132,503 
2026   136,473 
Thereafter   11,654 
Total minimum lease payments   472,032 
Less imputed interest   (30,513)
Present value of minimum lease payments  $441,519