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Other (Expenses)/Income | 6 Months Ended
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Jun. 30, 2023
Other Income and Expenses [Abstract] |
Other (Expenses)/Income | Other (expense)/income The Company recognized $(587,389) and $4,619,765 of Other (expenses)/income for the three months ended June 30, 2023 and June 30, 2022, respectively. The Company recognized $266,538 and $4,337,816 of Other income for the six months ended June 30, 2023 and June 30, 2022, respectively, as follows:
| Three Months Ended | Six Months Ended
| June 30, | June 30,
Other (expense) income: | 2023 | 2022 | 2023 | 2022
Interest income (expense), net | $ | 521,872 |  | $ | 98,276 |  | $ | 1,331,044 |  | $ | (37,330) |
Gain on remeasurement of warrant liabilities | — |  | 3,027,766 |  | — |  | 2,969,017 |
(Loss)/gain on initial equity method investments | (90,573) |  | 89,810 |  | (205,859) |  | 6,469 |
Loss on disposal of fixed assets | (98,630) |  | — |  | (153,469) |  | — |
Gain on remeasurement of finance leases | — |  | 1,388,273 |  | — |  | 1,388,273 |
ABC Litigation | (1,000,000) |  | — |  | (1,000,000) |  | — |
Other income | 79,942 |  | 15,640 |  | 294,822 |  | 11,387 |
Total other (expense) income | $ | (587,389) |  | $ | 4,619,765 |  | $ | 266,538 |  | $ | 4,337,816 |
For the three months ended June 30, 2023, the Company recognized other income of $79,942, net of $6,410 from realized foreign exchange gain offset by rental income of $0. For the three months ended June 30, 2022, the Company recognized other income of $15,640, net of $1,145 from realized foreign exchange gain offset by rental income of $14,495. For the six months ended June 30, 2023, the Company recognized other income of $294,822, net of $5,773 from realized foreign exchange gain offset by rental income of $8,496. For the six months ended June 30, 2022, the Company recognized other income of $11,387, net of $19,660 from realized foreign exchange loss offset by rental income of $31,047.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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