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Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Lease

For each of the below listed leases, management has determined it will utilize the base rental period and have not considered any renewal periods.

 

Location   Square Feet     Monthly Rent     Lease Expiry
Columbus, OH     6,000     $ 5,100     December 31, 2028
Madison Heights, MI     36,000     $ 43,185     August 31, 2026
Sterling Heights, MI     37,000     $ 21,072     April 30, 2028
Traverse City, MI     5,200     $ 4,500     January 31, 2024
                     
Temporary space                    
Madison Heights, MI     3,200     $ 1,605     month to month
                     
Vehicles                    
various     n/a     $ 2,708     September 30, 2028
Schedule of Future Rental Payment for Operating Lease

The following table sets forth the future minimum lease payments under our leases:

 

For the twelve months ending September 30,   Finance Leases     Operating Leases  
2024   $ 67,358     $ 916,353  
2025     67,358       892,047  
2026     63,306       855,585  
2027     49,500       353,662  
2028     37,228       238,947  
Thereafter     -       17,550  
Less Imputed Interest     (47,094 )     (429,243 )
Less Short-term lease payments     -       (4,814 )
 Total   $ 237,656     $ 2,840,087  
Summary of Components of Lease Expense

The following table summarizes the components of lease expense:

 

For the three months ending September 30,   2023     2022  
Finance lease expense:                
Amortization of ROU asset   $ 13,221     $ -  
Interest on lease liabilities     5,036       -  
Operating lease expense     238,864       243,301  
Short-term lease expense     4,814       4,814  

 

For the nine months ending September 30,   2023     2022  
Finance lease expense:                
Amortization of ROU asset   $ 28,181     $ -  
Interest on lease liabilities     11,462       -  
Operating lease expense     715,176       729,902  
Short-term lease expense     14,441       14,441  
Schedule of Additional Information Pertaining to Leases

The following tables set forth additional information pertaining to our leases:

 

For the nine months ending September 30,   2023     2022  
Cash paid for amounts included in the measurement of lease liabilities:                
Financing cash flows from finance leases (interest)   $ 11,462     $ -  
Financing cash flows from finance leases (principal)     23,167       -  
Operating cash flows from operating leases     531,567       318,030  
Weighted average remaining lease term – finance leases     4.4 years       -  
Weighted average remaining lease term – operating leases     3.8 years       4.7 years  
Weighted average discount rate – finance leases     8.88 %     -  
Weighted average discount rate – operating leases     6.93 %     6.99 %
Schedule of Operating and Finance Leases

    September 30, 2023     December 31, 2022  
Operating leases:                
Right-of-use assets, operating   $ 2,716,512     $ 3,200,191  
Lease liabilities, operating – current     713,638       692,074  
Lease liabilities, operating – net of current     2,126,449       2,624,608  
Total operating lease liabilities   $ 2,840,087     $ 3,316,682  
                 
Finance leases:                
Right-of-use asset, finance   $ 261,892     $ 160,990  
Accumulated amortization     (28,181 )     (6,708 )
Right-of-use asset, finance, net   $ 233,711     $ 154,282  
                 
Lease liabilities, finance – current   $ 48,802     $ 22,493  
Lease liabilities, finance – net of current     188,854       133,131  
Total finance lease liability   $ 237,656     $ 155,624