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Commitments and Contingencies (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]    
Schedule of Future Minimum Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases for the years ended December 31 were as follows:

 

      
2023 (3 months)  $66,647 
2024   256,414 
2025   69,421 
Total undiscounted cash flows   392,482 
Less: amount representing interest   (14,065)
Present value of operating lease liability   378,417 
Less: current portion of operating lease liability   238,042 
Long-term operating lease liability  $140,375 

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

 

     
Future Minimum Payments    
2023  $251,403 
2024   256,414 
2025   69,421 
Total undiscounted operating leases payments   577,238 
Less: Imputed interest   31,217 
Present Value of Operating Lease Liabilities   546,021 
      
Other Information     
Weighted-average remaining lease term   2.25 years 
Weighted-average discount rate   5.0%
Schedule of Operating Lease Assets and Liabilities

The tables below present information regarding the Company’s operating lease assets and liabilities at September 30, 2023 and 2022, respectively:

 

   September 30, 2023   December 31, 2022 
Assets          
           
Operating lease - right-of-use asset - non-current  $               354,601   $521,782 
           
Liabilities          
           
Operating lease liability  $378,417   $546,022 
           
Weighted-average remaining lease term (years)   1.50    2.25 
           
Weighted-average discount rate   5%   5%
 
Schedule of Components of Lease Expense

 

   September 30, 2023   September 30, 2022 
         
Operating lease costs          
           
Amortization of right-of-use operating lease asset  $167,181   $105,470 
Lease liability expense in connection with obligation repayment   17,152   $17,419 
Total operating lease costs  $184,333   $122,889 
           
Supplemental cash flow information related to operating leases was as follows:          
           
Operating cash outflows from operating lease (obligation payment)  $184,756   $246,538 
Right-of-use asset obtained in exchange for new operating lease liability  $-   $735,197