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Lease Obligations | 9 Months Ended
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Sep. 30, 2023
Lease Obligations [Abstract] |
LEASE OBLIGATIONS |
| O. | LEASE OBLIGATIONS:
The following is a summary of the Company’s right of use assets and lease liabilities as of:
|  | September 30, |  |  | December 31, |
Operating Leases |  | 2023 |  |  | 2022 |
Right-Of-Use Assets |  | $ | 1,344,160 |  |  | $ | 784,683 |
Lease Liability: |  |  |  |  |  |  |  |
Right-Of-Use Asset - Office Leases - Current |  |  | 460,464 |  |  |  | 324,594 |
Right-Of-Use Asset - Office Leases - Non-Current |  |  | 858,214 |  |  |  | 460,089 |
|  | $ | 1,318,678 |  |  | $ | 784,683 |
Rent expense for the nine months ended September 30, 2023 and 2022 totaled $383,190 and $333,072, respectively. The following is a schedule by years of future minimum lease payments:
2024 |  | $ | 504,630 |
2025 |  |  | 399,245 |
2026 |  |  | 188,359 |
2027 |  |  | 192,126 |
2028 |  |  | 97,176 |
|  | $ | 1,381,536 |
As of September 30, 2023, the Company’s operating leases had a weighted average remaining lease term of 1.75 years and a weighted average discount rate of 4%.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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