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Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Estimated Useful Lives of Finance Lease Assets


Animal Facility	40 years
Equipment	3–7 years
Land	Indefinite

Schedule of Operating and Finance Leases Discount Rate

The Company’s weighted-average remaining lease term and weighted-average discount rate for operating and finance leases as of September 30, 2023 are:


		Operating				Finance
Weighted-average remaining lease term		0.85				15.17
Weighted-average discount rate			6.77	%			7.72	%

Schedule of Undiscounted Future Minimum Lease Payments

The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the condensed balance sheet as of September 30, 2023:


		Operating				Finance
2023 - remaining		$	174,721			$	100,374
2024			368,320				401,496
2025			—				401,496
2026			—				401,496
2027			—				401,496
Thereafter			—				4,382,998
Undiscounted future minimum lease payments			543,041				6,089,356
Less: Amount representing interest payments			(14,263	)			(2,507,425	)
Total lease liabilities			528,778				3,581,931
Less current portion			(528,778	)			(129,489	)
Noncurrent lease liabilities		$	—			$	3,452,442