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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Lease Payments Certain leases include rental escalation clauses, renewal options and/or termination options, which are factored into the Company’s determination of lease payments when appropriate.
    March 31,
2024
    December 31,
2023
 
    (unaudited)        
Weighted average remaining lease term:            
Operating lease     4.53 years       4.81 years  
                 
Weighted average discount rate:                
Operating lease     7.42 %     7.56 %
Schedule of Balances for the Operating Leases The balances for the operating leases where the Company is the lessee are presented as follows within the unaudited interim condensed consolidated balance sheets:
  

March 31,

2024

  

December 31,

2023

 
   (unaudited)     
Operating lease right-of-use assets, net        
Operating lease  $1,566,003   $1,561,058 
           
Lease liabilities          
Current portion of operating lease liabilities   308,419    358,998 
Non-current portion of operating lease liabilities   1,326,946    1,317,678 
   $1,635,365   $1,676,676 

 

Schedule of Future Lease Payments Under Operating Leases Future lease payments under operating leases as of March 31, 2024 were as follows:
   Operating
Leases
 
     
Remainder of FY2024  $320,743 
FY2025   385,550 
FY2026   393,261 
FY2027   401,127 
FY2028   409,149 
FY2029   34,605 
Total lease payments  $1,944,435 
Less: imputed interest   309,070 
Present value of lease liabilities (1)  $1,635,365 
(1) As of March 31, 2024, present value of future operating lease payments consisted of current portion of operating lease liabilities and non-current portion of operating lease liabilities, amounting to $308,419 and $1,326,946, respectively.