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Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases We have entered into operating and finance leases primarily for real estate and equipment rental. These leases have terms which range from two years to four years, and often include one or more options to renew or in the case of equipment rental, to purchase the equipment. These operating and finance leases are listed as separate line items on our consolidated balance sheets and represent our right to use the underlying asset for the lease term. Our obligations to make lease payments are also listed as separate line items on our consolidated balance sheets. As of December 31, 2022 and December 31, 2021, total operating and financed right-of-use assets were $310,162 and $168,750, and $641,306 and $201,902, respectively. For the years-ended December 31, 2022 and 2021, we recorded $103,926 and $322,747 in amortization expense related to finance leases. Because the rate implicit in each lease is not readily determinable, we use our incremental borrowing rate to determine the present value of the lease payments. Information related to our operating lease liabilities for are as follows:
| December 31, 2022
Cash paid for operating lease liabilities | $ | 427,565 |
Weighted-average remaining lease term | 2.97 years
Weighted-average discount rate | 6.25 | %
Minimum future lease payments ended December 31, 2022 |
2023 | $ | 303,172 |
2024 | 16,236 |
2025 | 5,251 |
2026 | 1,590 |
| 326,249 |
Less imputed interest | (14,848) |
Total lease liabilities | $ | 311,401 |
Information related to our financed lease liabilities are as follows:
| December 31, 2022
Cash paid for finance lease liabilities | $ | 146,586 |
Weighted-average remaining lease term | 2.0 years
Weighted-average discount rate | 6.25 | %
Minimum future lease payments ended December 31, 2022 |
2023 | $ | 105,655 |
2024 | 56,180 |
2025 | 18,491 |
| 180,326 |
Less imputed interest | (8,726) |
Total lease liabilities | $ | 171,600 |
Leases | Leases We have entered into operating and finance leases primarily for real estate and equipment rental. These leases have terms which range from two years to four years, and often include one or more options to renew or in the case of equipment rental, to purchase the equipment. These operating and finance leases are listed as separate line items on our consolidated balance sheets and represent our right to use the underlying asset for the lease term. Our obligations to make lease payments are also listed as separate line items on our consolidated balance sheets. As of December 31, 2022 and December 31, 2021, total operating and financed right-of-use assets were $310,162 and $168,750, and $641,306 and $201,902, respectively. For the years-ended December 31, 2022 and 2021, we recorded $103,926 and $322,747 in amortization expense related to finance leases. Because the rate implicit in each lease is not readily determinable, we use our incremental borrowing rate to determine the present value of the lease payments. Information related to our operating lease liabilities for are as follows:
| December 31, 2022
Cash paid for operating lease liabilities | $ | 427,565 |
Weighted-average remaining lease term | 2.97 years
Weighted-average discount rate | 6.25 | %
Minimum future lease payments ended December 31, 2022 |
2023 | $ | 303,172 |
2024 | 16,236 |
2025 | 5,251 |
2026 | 1,590 |
| 326,249 |
Less imputed interest | (14,848) |
Total lease liabilities | $ | 311,401 |
Information related to our financed lease liabilities are as follows:
| December 31, 2022
Cash paid for finance lease liabilities | $ | 146,586 |
Weighted-average remaining lease term | 2.0 years
Weighted-average discount rate | 6.25 | %
Minimum future lease payments ended December 31, 2022 |
2023 | $ | 105,655 |
2024 | 56,180 |
2025 | 18,491 |
| 180,326 |
Less imputed interest | (8,726) |
Total lease liabilities | $ | 171,600 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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