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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies  
Summary of company's right-of-use assets and liabilities

    

For the Three Months Ended March 31,

2024

    

2023

Cash paid for amounts included in the measurement of lease liabilities:

 

  

Operating cash flows used in operating activities

$

74,101

$

136,150

Right-of-use assets obtained in exchange for lease obligations

 

  

Operating leases

$

$

350,473

Weighted Average Remaining Lease Term (Years)

 

  

Operating leases

 

2.81 years

3.50 years

Weighted Average Discount Rate

 

  

Operating leases

 

10.0

% 

10.0

%

Schedule of future minimum payments under the Company's operating lease agreements

For the Years Ending December 31,

    

Minimum Lease Payments

2024

$

542,718

2025

 

675,400

2026

 

560,996

2027

 

214,619

Total future minimum lease payments

 

1,993,733

Less: Imputed interest

(273,917)

Present value of lease liabilities

 

1,719,816

Less: current portion

 

(579,585)

Lease liabilities, non - current portion

$

1,140,231