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Leases | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Leases | Note 12. Leases The Company has non-cancellable operating leases for facility space with varying terms. All of the active leases for facility space qualified for capitalization under FASB ASC 842, Leases. These leases have remaining lease terms between one to 7 years and may include options to extend the leases for up to ten years. The extension terms are not recognized as part of the right-of-use assets. The Company has elected not to capitalize leases with terms equal to, or less than, one year. As of March 31, 2023, and December 31, 2022, net assets recorded under operating leases were $977,113 and $1,016,198 on, respectively, and net lease liabilities were $1,045,995 and $1,028,233, respectively. The Company analyzes contracts above certain thresholds to identify leases and lease components. Lease and non-lease components are not separated for facility space leases. The Company uses its contractual borrowing rate to determine lease discount rates when an implicit rate is not available. Total lease cost for the three months ended March 31, 2023 and for the year ended December 31, 2022, included in Condensed Consolidated Statements of Operations, is detailed in the table below: Schedule of Lease Cost
|  | Three months ended March 31, 2023 (Unaudited) |  |  | Year ended December 31, 2022 (Audited) |
|  | Three months ended March 31, 2023 |  |  | Year ended December 31, 2022 |
Operating lease cost |  | $ | - |  |  | $ | - |
Short-term lease cost |  |  | 87,742 |  |  |  | 99,246 |
Total Lease Cost |  | $ | 87,742 |  |  | $ | 99,246 |
Schedule of Right Of Use Assets
ROU assets that are related to lease properties are presented as follows: |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,016,198 |  |  | $ | - |
Additions to right-of-use assets |  |  | - |  |  |  | 1,029,226 |
Amortization charge for the period |  |  | (39,085 | ) |  |  | (13,028 | )
Lease modifications |  |  | - |  |  |  | - |
Ending balance |  | $ | 977,113 |  |  | $ | 1,016,198 |
Further information related to leases is as follows: |  |  |  |  |  |  |  |
Weighted-average remaining lease term |  |  | 4.29 Years |  |  |  | 4.42 Years |
Weighted-average discount rate |  |  | 6.87 | % |  |  | 6.87 | %
Future minimum lease payments as of March 31, 2023, and December 31, 2022, are as follows: Schedule of Future Minimum Lease Payments
Year |  |  |  |  |  |
2023 |  | $ | 91,303 |  |  | $ | 91,303 |
2024 |  |  | 197,520 |  |  |  | 197,520 |
2025 |  |  | 217,925 |  |  |  | 217,925 |
2026 |  |  | 222,275 |  |  |  | 222,275 |
2027 |  |  | 226,705 |  |  |  | 226,705 |
Thereafter |  |  | 348,926 |  |  |  | 348,926 |
Total future minimum lease payments |  | $ | 1,304,654 |  |  | $ | 1,304,654 |
Less: Imputed interest |  |  | 258,659 |  |  |  | 276,421 |
Operating lease liabilities |  |  | 1,045,995 |  |  |  | 1,028,233 |
Less: Current portion |  |  | 66,726 |  |  |  | 20,124 |
Non-current portion of lease liabilities |  | $ | 979,269 |  |  | $ | 1,008,109 |

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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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